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Myanuo
· 2025-05-07 00:11
According to Gate.io News bot, Thumzup Media Corporation has submitted an S-3 registration statement to the SEC, as reported by Wu. According to the statement, the company plans to issue a total of up to $500 million in common stock, warrants, units, or equity certificates through this mechanism.
The company plans to use the net proceeds from the fundraising for general corporate purposes, including acquiring Bitcoin as a primary reserve asset, as well as meeting working capital needs. Notably, Thumzup had previously submitted an S-3 registration statement, planning to issue up to $200 million in securities to acquire Bitcoin.
I believe everything is for the best.