Nasdaq-listed Thumzup Media Corporation announced that it has filed an amendment to Form S-3 of the "universal shelf" registration statement with the Securities Exchange Commission (SEC), increasing the maximum total offering amount from $200 million to $500 million.
Once effective, this increase registration statement will allow Thumzup to raise up to $500 million to increase working capital and further advance its Bitcoin (BTC) acquisition strategy. The company's board of directors has previously authorized Thumzup to allocate up to 90% of its current assets to BTC as part of its money management strategy.
Under the terms of the offering, Thumzup may raise funds through one or more offerings using a variety of securities, including common shares, preference shares, warrants, debt securities, purchase contracts and/or units, within three years of the effective date of the registration statement.
Public company Thumzup submits amendment to raise maximum total offering amount to $500 million to acquire bitcoin
2025-05-06 17:04:14
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