Thumzup Media, a publicly traded company in the US, announced the completion of a $6.5 million registered direct offering

ChainCatcher news, according to Investing.com, the publicly traded company Thumzup Media Corporation (NASDAQ: TZUP) announced a final agreement with investors for a registered direct offering of $6.5 million.

Under the terms of the agreement, investors will purchase up to 1,083,333 shares of common stock at a price of $6.00 per share, which includes convertible Series C preferred stock. Thumzup plans to use the proceeds for general corporate purposes and to explore accumulating more cryptocurrency.