FAQ: Thumzup Media Corp.'s $6.5 Million Direct Offering and Growth Strategy

What is Thumzup Media Corp.’s recent financial move?

Thumzup Media Corp. has signed a definitive agreement to raise approximately $6.5 million through a registered direct offering, including shares of common stock and Series C Convertible Preferred Stock.

Why is Thumzup raising $6.5 million?

The net proceeds from the offering will support general corporate purposes and potential cryptocurrency accumulation, aligning with the company’s growth and crypto strategy.

How does the Thumzup platform work?

The Thumzup platform enables individuals to get paid cash for posting about participating advertisers on major social media outlets through its App, with payments made via PayPal and other digital payment systems.

Who is involved in Thumzup’s direct offering?

Dominari Securities LLC is the sole placement agent for Thumzup’s $6.5 million direct offering.

What are the terms of the Series C Convertible Preferred Stock?

The Series C shares are non-voting and subject to 4.99% and 9.99% beneficial ownership caps.

Where can I find more information about Thumzup’s latest news?

The latest news and updates relating to TZUP are available in the company’s newsroom at https://ibn.fm/TZUP.

What makes Thumzup unique in the advertising industry?

Thumzup is democratizing the social media branding and marketing industry by allowing individuals to earn cash for social media posts about advertisers, utilizing a programmatic advertiser dashboard and consumer-facing App.

Has Thumzup been featured in any media outlets?

Yes, Thumzup has been featured on CBS Los Angeles and in KTLA, highlighting its innovative approach to social media advertising.

What is the significance of Thumzup’s direct offering?

This direct offering is a strategic move to fuel Thumzup’s growth and its foray into cryptocurrency accumulation, reinforcing its position as a disruptor in the digital advertising space.

How can advertisers benefit from the Thumzup platform?

Advertisers can use Thumzup’s easy-to-use dashboard to programmatically customize their campaigns, leveraging the platform’s network of users to promote their brands on social media.