Thumzup media corp announces full exercise of the underwriter's overallotment option to purchase additional shares, increasing gross proceeds to approximately $8.2 million

Los angeles, ca, nov. 01, 2024 (globe newswire) -- thumzup media corporation ("thumzup" or the "company") (nasdaq: tzup), a leading provider of innovative social media branding and marketing solutions which allow businesses and brands to pay customers and fans cash through venmo and paypal for their posts on social media, today announced that dawson james securities, inc., the underwriter of its previously announced public offering that closed on october 30, 2024, fully exercised its overallotment option to purchase an additional 213,750 shares at $5.00 per share, increasing the total shares sold to 1,638,750 and gross proceeds to approximately $8.2 million. the option closing is set for november 1, 2024.
TZUP Ratings Summary
TZUP Quant Ranking