Thumzup prices $50M public offering at $10 per share

Thumzup (TZUP) Media announced the pricing of its $50M confidentially marketed public offering of common stock and, in lieu of common stock to certain investors, pre-funded warrants to purchase shares of its common stock, at a public offering price of $10 per share. The offering is expected to close on or about August 12. The company intends to use the proceeds to explore the accumulation of cryptocurrencies and mining equipment. Dominari Securities is acting as the placement agent for the offering. Shares of Thumzup are down 36% to $9.89 in early trading.