Thumzup Media Corp Lists Shares on Nasdaq and Prices Upsized Public Offering of Shares of Common Stock to $7,125,000
29 Ottobre 2024 - 11:00AM
Thumzup Media Corporation ("Thumzup" or the "Company") (OTCQB:
TZUP) (Nasdaq: TZUP), a leading provider of innovative social media
branding and marketing solutions which allow businesses and brands
to pay customers and fans cash through Venmo and PayPal for their
posts on social media, is pleased to announce the pricing of an
underwritten public offering of 1,425,000 shares of common stock,
at a price of $5.00 per share (the “Shares”). In addition, the
Company has granted the underwriters a 45-day over-allotment option
to purchase up to an additional 213,750 Shares, less underwriting
discounts and commissions. Closing is expected to occur on October
30, 2024.
In connection with the offering, the Company has
been approved for listing common stock on The Nasdaq Capital
Market. Its common stock will begin trading on The Nasdaq Capital
Market under the existing ticker symbol “TZUP” at the opening of
market hours on October 29th, 2024.
Dawson James Securities, Inc. is acting as the
Sole Book-Running Manager for the offering.
Sichenzia Ross Ference Carmel LLP, New York, NY,
represented the Company in connection with the offering, and
ArentFox Schiff LLP, Washington, DC, represented the
underwriter.
This offering is being made by the Company
pursuant to a registration statement on Form S-1 (File No.
333-279828), which was declared effective by the United States
Securities and Exchange Commission (“SEC”) on October 28, 2024. The
securities may only be offered by means of a prospectus. Copies of
the prospectus may be obtained, when available, at the SEC’s
website at www.sec.gov or from Dawson James Securities, Inc.
Attention: Prospectus Department, 101 North Federal Highway, Suite
600, Boca Raton, FL 33432, investmentbanking@dawsonjames.com or
toll free at 866.928.0928.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such jurisdiction.
About Thumzup®
Thumzup Media Corporation (Thumzup) is
democratizing the multi-billion dollar social media branding and
marketing industry. Its flagship product, the Thumzup platform,
utilizes a robust programmatic advertiser dashboard coupled with a
consumer-facing App to enable individuals to get paid cash for
posting about participating advertisers on major social media
outlets through the Thumzup App. The easy-to-use dashboard allows
advertisers to programmatically customize their campaigns. Cash
payments are made to App users/creators through PayPal and
Venmo.
Thumzup is a publicly traded company under the
ticker symbol TZUP. For more information, please visit
https://www.thumzupmedia.com.
Legal Disclaimer
This press release contains certain
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These include, without limitation, statements about its potential
growth, impacts on the advertising industry, plans for potential
uplisting, and planned expansion. These statements are identified
by the use of the words "could," "believe," "anticipate," "intend,"
"estimate," "expect," "may," "continue," "predict," "potential,"
"project" and similar expressions that are intended to identify
forward-looking statements. All forward-looking statements speak
only as of the date of this press release. You should not place
undue reliance on these forward-looking statements. Although we
believe that our plans, objectives, expectations and intentions
reflected in or suggested by the forward-looking statements are
reasonable, we can give no assurance that these plans, objectives,
expectations or intentions will be achieved. Forward-looking
statements involve significant risks and uncertainties (some of
which are beyond our control) and assumptions that could cause
actual results to differ materially from historical experience and
present expectations or projections. Actual results may differ
materially from those in the forward-looking statements and the
trading price for our common stock may fluctuate significantly.
Forward-looking statements also are affected by the risk factors
described in our filings with the U.S. Securities and Exchange
Commission. Except as required by law, we undertake no obligation
to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise,
after the date on which the statements are made or to reflect the
occurrence of unanticipated events.
Contact
Infoinvestors@thumzupmedia.com800-403-6150
Media ContactJessica
Starmanmedia@thumzupmedia.com
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