PANews August 9th news, according to PR Newswire, the publicly traded social media marketing company Thumzup Media Corporation (NASDAQ: TZUP) announced that it has initiated a stock issuance, with a par value of $0.001 per share ("preferred stock"). The net proceeds from this proposed issuance will be used to explore the accumulation of cryptocurrency and mining equipment, working capital, and general corporate purposes. This issuance will be subject to market conditions, and there is no guarantee that the issuance will be completed or when it will be completed, nor can the actual scale or terms of the issuance be guaranteed. Dominari Securities LLC is acting as the exclusive placement agent for this issuance.