Nasdaq listed company Thumzup intends to issue up to US$200 million in securities, with the purpose of the funds raised including the purchase of Bitcoin
Nasdaq-listed Thumzup Media Corporation filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC), planning to issue common stock, warrants, units or rights with a total amount of up to $200 million. The company plans to use the funds raised this time for general corporate purposes, including the purchase of Bitcoin as its main reserve asset and daily working capital arrangements.