Thumzup announced a $50 million initial issuance, with net proceeds used to accumulate Crypto Assets and mining equipment.

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Golden Finance reports that Thumzup Media Corporation, a social media company invested in by Donald Trump Jr., the son of Trump, announced the public offering pricing of its privately issued common stock and offered some investors pre-funded warrants to purchase its common stock at a public offering price of $10 per share. The company expects to receive a total issuance revenue of $46.5 million from this issuance, before deducting the underwriter fees and other related expenses. This issuance is expected to be completed around August 12, 2025, subject to the satisfaction of customary closing conditions. The company plans to use the net proceeds from this issuance to explore the accumulation of Crypto Assets and mining equipment, working capital, and general corporate purposes. Dominari Securities LLC serves as the exclusive underwriter for this issuance.

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