Thumzup Media Corporation (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 (NASDAQ:PYPL) 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.