Thumzup Media Eliminates Series B Preferred Stock

Thumzup Media Corporation ( (TZUP) ) has issued an announcement.

Thumzup Media Corporation‘s Board of Directors approved a one-time bonus of $10,000 for CFO Isaac Dietrich on July 17, 2025, recognizing his exemplary performance. Additionally, on July 16, 2025, the Board amended the company’s bylaws to specify that directors can only be removed by stockholders at an annual or special meeting with a two-thirds majority vote. Furthermore, on July 18, 2025, the company filed a Withdrawal of Designation to terminate its Series B Preferred Convertible Voting Stock, which had no shares issued or outstanding, effectively eliminating its designation from the Articles of Incorporation.

More about Thumzup Media Corporation

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Technical Sentiment Signal: Buy

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