NASDAQ-listed Thumzup plans to issue securities worth up to $200 million, with proceeds to be used for purchasing Bitcoin and more

Foresight News reports that Thumzup Media Corporation, a publicly traded company on NASDAQ, has submitted an S-3 registration statement to the U.S. Securities and Exchange Commission (SEC), planning to issue up to $200 million in common stock, warrants, units, or rights. The company intends to use the proceeds from this fundraising for general corporate purposes, including purchasing Bitcoin as a primary reserve asset and for daily operating funding arrangements.