Listed company Thumzup announces $6.5 million registration for direct issuance to explore accumulating more cryptocurrencies

According to investing.com, NASDAQ listed Thumzup Media Corporation (NASDAQ: TZUP) announced on Monday that it has reached a final agreement with investors to conduct a $6.5 million registered direct issuance. According to the terms of the agreement, investors will subscribe for up to 1083333 ordinary shares at a price of $6.00 per share, including shares that can be issued upon conversion of Series C convertible preferred shares. Thumzup plans to use the proceeds for general corporate purposes and explore accumulating more cryptocurrency.