BlockBeats news, August 11, Thumzup Media Corporation (NASDAQ: TZUP) today announced the pricing of its initial public offering of common stock under a confidential marketing process, as well as the alternative of common stock for certain investors - pre-funded warrants to purchase its common stock, at an offering price of $10 per share.
The company expects to receive a total gross income of $46.5 million from this offering, before deducting underwriting discounts and other related expenses. This offering 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 offering to explore the accumulation of cryptocurrencies and mining equipment, working capital, and general corporate purposes.
BlockBeats note: Donald Trump Jr., the eldest son of Trump, disclosed in July 2025 that he purchased 350,000 shares of Thumzup through a recommendation from an investment advisor, valued at approximately $3.3 million to $4.3 million. He has no operational or advisory role in the company, serving only as a shareholder.
