10:08 AM EDT, 08/11/2025 (MT Newswires) -- Thumzup Media ( TZUP ) said Monday it priced a confidentially marketed public offering of shares and pre-funded warrants to buy shares at $10 per share.

The company said it expects to receive gross proceeds of $46.5 million from the offering, which is expected to close on or about Tuesday.

Net proceeds will be used to explore the accumulation of cryptocurrencies and mining equipment, working capital and general corporate purposes, Thumzup said.

The company's shares were falling over 33% in recent trading.

Price: 10.29, Change: -5.17, Percent Change: -33.44