[8-K] Thumzup Media Corporation Reports Material Event
Thumzup Media Corporation completed a registered best-efforts offering of 5,000,000 shares of common stock, generating approximately $50 million in gross proceeds. The company sold the shares under its effective Form S-3 registration statement and closed the offering with a placement agent engagement.
The company intends to use net proceeds to explore accumulation of cryptocurrencies and mining equipment, and for working capital and general corporate purposes. As compensation, Thumzup paid the placement agent a cash fee equal to 7% of the aggregate purchase price plus an additional 1% for non-accountable expenses, reimbursed out-of-pocket expenses including $150,000 of legal fees, and issued a placement agent warrant to purchase 350,000 shares at an exercise price of $10.00, exercisable after 180 days for a five-year term. Separately, the company entered a financial advisory agreement to receive crypto treasury advice in exchange for 750,000 advisory shares subject to stockholder approval and issued under Section 4(a)(2).
Thumzup Media Corporation ha completato un'offerta registrata di tipo best-efforts per 5,000,000 azioni ordinarie, raccogliendo circa $50 milioni di proventi lordi. La societ脿 ha venduto le azioni ai sensi del suo modulo di registrazione Form S-3 efficace e ha chiuso l'offerta avvalendosi di un placement agent.
La societ脿 intende impiegare i proventi netti per valutare l'accumulo di criptovalute e apparecchiature per il mining, nonch茅 per capitale circolante e scopi aziendali generali. A titolo di compenso, Thumzup ha corrisposto al placement agent una commissione in contanti pari al 7% del prezzo di acquisto complessivo pi霉 un ulteriore 1% per spese non rendicontabili, ha rimborsato spese vive compresi $150,000 di onorari legali e ha emesso al placement agent un warrant per l'acquisto di 350,000 azioni a un prezzo di esercizio di $10.00, esercitabile dopo 180 giorni per un periodo di cinque anni. Separatamente, la societ脿 ha stipulato un accordo di consulenza finanziaria per ottenere consulenza sulla tesoreria in criptovalute in cambio di 750,000 azioni di consulenza, soggette all'approvazione degli azionisti e emesse ai sensi della Sezione 4(a)(2).
Thumzup Media Corporation complet贸 una oferta registrada de tipo best-efforts de 5,000,000 acciones ordinarias, generando aproximadamente $50 millones en ingresos brutos. La compa帽铆a vendi贸 las acciones bajo su declaraci贸n de registro Form S-3 vigente y cerr贸 la colocaci贸n contando con un agente colocador.
La empresa pretende utilizar los ingresos netos para estudiar la acumulaci贸n de criptomonedas y equipos de miner铆a, as铆 como para capital de trabajo y prop贸sitos corporativos generales. Como compensaci贸n, Thumzup pag贸 al agente colocador una tarifa en efectivo igual al 7% del precio de compra agregado m谩s un 1% adicional por gastos no rendibles, reembols贸 gastos directos incluidos $150,000 en honorarios legales, y emiti贸 al agente colocador un warrant para comprar 350,000 acciones a un precio de ejercicio de $10.00, ejercitable despu茅s de 180 d铆as por un plazo de cinco a帽os. De forma separada, la compa帽铆a firm贸 un acuerdo de asesor铆a financiera para recibir asesoramiento de tesorer铆a en cripto a cambio de 750,000 acciones de asesor铆a, sujetas a la aprobaci贸n de los accionistas y emitidas conforme a la Secci贸n 4(a)(2).
Thumzup Media Corporation電� 霌彪霅� 氩犾姢韸胳澊韻检笭(best-efforts) 氚╈嫕鞙茧 5,000,000欤�鞚� 氤错喌欤� 瓿惦毳� 鞕勲頃橃棳 鞎� $50氚彪鞚� 齑� 靾橃澋鞚� 瓯半憪鞐堨姷雼堧嫟. 須岇偓電� 須牓 鞛堧姅 Form S-3 霌彪靹滌棎 霐半澕 欤检嫕鞚� 毵り皝頃橁碃 頂岆爤鞚挫姢毹柬姼 鞐愳澊鞝勴姼(placement agent)毳� 韱淀暣 瓿惦毳� 膦呹舶頄堨姷雼堧嫟.
須岇偓電� 靾滌垬鞚奠潉 鞎旐樃頇旐彁 氚� 毂勱荡 鞛ル箘鞚� 於曥爜 瓴�韱犾檧 鞖挫爠鞛愲掣 氚� 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄頃� 瓿勴殟鞛呺媹雼�. 氤挫儊鞙茧 Thumzup鞚� 頂岆爤鞚挫姢毹柬姼 鞐愳澊鞝勴姼鞐愱矊 齑� 毵れ瀰臧�鞚� 7%鞐� 頃措嫻頃橂姅 順勱笀 靾橃垬耄岇檧 牍勳爼靷� 牍勳毄鞐� 雽�頃� 於旉皜 1%毳� 歆�旮夗枅鞙茧┌, 鞝滊皹 鞁る箘(氩曤牍勳毄 $150,000 韽暔)毳� 靸來櫂頃橁碃, 頂岆爤鞚挫姢毹柬姼 鞐愳澊鞝勴姼鞐愱矊 頄夓偓臧�瓴� $10.00鞐� 350,000欤�毳� 毵れ垬頃� 靾� 鞛堧姅 鞗岆煱韸鸽ゼ 氚滍枆頄堧姅雿�, 鞚措姅 180鞚� 頉� 頄夓偓 臧�電ロ晿氅� 鞙犿毃旮瓣皠鞚� 5雲勳瀰雼堧嫟. 氤勲弰搿� 須岇偓電� 韥韱� 鞛 鞛愲鞚� 鞝滉车氚涥赴 鞙勴暅 鞛鞛愲 瓿勳暯鞚� 觳搓舶頃橁碃 欤检＜ 鞀轨澑 雽�靸侅澑 750,000 鞛愲欤�毳� 雽�臧�搿� 氚滍枆頃橁赴搿� 頄堨溂氅�, 鞚措姅 靹轨厴 4(a)(2)鞐� 霐半澕 氚滍枆霅╇媹雼�.
Thumzup Media Corporation a r茅alis茅 une offre enregistr茅e en best鈥慹fforts portant sur 5,000,000 actions ordinaires, g茅n茅rant environ 50 millions de dollars de produits bruts. La soci茅t茅 a vendu les actions en vertu de sa d茅claration d'enregistrement Form S-3 en vigueur et a cl么tur茅 l'offre avec l'intervention d'un placement agent.
La soci茅t茅 entend utiliser les recettes nettes pour 茅tudier l'accumulation de cryptomonnaies et d'茅quipements de minage, ainsi que pour le fonds de roulement et des besoins g茅n茅raux d'entreprise. En r茅mun茅ration, Thumzup a vers茅 au placement agent des frais en esp猫ces 茅quivalant 脿 7% du prix d'achat global plus un 1% suppl茅mentaire pour frais non justifiables, a rembours茅 des d茅penses engag茅es, y compris $150,000 d'honoraires juridiques, et a 茅mis au placement agent un warrant d'achat de 350,000 actions au prix d'exercice de $10.00, exer莽able apr猫s 180 jours pour une dur茅e de cinq ans. Par ailleurs, la soci茅t茅 a conclu un accord de conseil financier pour recevoir des conseils en tr茅sorerie crypto en 茅change de 750,000 actions de conseil, sous r茅serve de l'approbation des actionnaires et 茅mises en vertu de la Section 4(a)(2).
Thumzup Media Corporation hat ein registriertes Best鈥慐fforts鈥慉ngebot 眉ber 5.000.000 Aktien Stammaktien abgeschlossen und dabei rund 50 Mio. USD an Bruttoerl枚sen erzielt. Die Gesellschaft verkaufte die Aktien unter Verwendung ihres wirksamen Form鈥慡鈥�3鈥慠egistrierungsformulars und schloss das Angebot mit einem Placement鈥慉gent ab.
Die Gesellschaft beabsichtigt, die Nettoerl枚se zur Pr眉fung des Aufbaus von Kryptow盲hrungen und Mining鈥慉usr眉stung sowie f眉r Betriebskapital und allgemeine Unternehmenszwecke zu verwenden. Als Verg眉tung zahlte Thumzup dem Placement鈥慉genten eine Barprovision in H枚he von 7% des Gesamtkaufpreises zuz眉glich weiterer 1% f眉r nicht abrechenbare Auslagen, erstattete tats盲chlich angefallene Kosten einschlie脽lich $150,000 Anwaltskosten und gab dem Placement鈥慉genten ein Optionsrecht zum Kauf von 350,000 Aktien zu einem Aus眉bungspreis von $10.00, aus眉bbar nach 180 Tagen f眉r eine Laufzeit von f眉nf Jahren. Zus盲tzlich schloss die Gesellschaft eine finanzielle Beratungsvereinbarung ab, um Krypto鈥慣reasury鈥態eratung im Austausch f眉r 750,000 Beratungsaktien zu erhalten, die der Zustimmung der Aktion盲re bed眉rfen und gem盲脽 Abschnitt 4(a)(2) ausgegeben werden.
- Approximately $50 million in gross proceeds provides significant liquidity to pursue crypto accumulation, mining equipment purchases, working capital, and general corporate purposes
- Offering conducted under an effective Form S-3 registration statement, facilitating an efficient capital raise
- Non-exclusive financial advisory engagement gives the company access to crypto treasury strategy expertise
- Placement agent compensation totals an effective 8% cash fee (7% placement fee plus 1% non-accountable) plus reimbursed expenses, reducing net proceeds
- Issuance of a placement agent warrant for 350,000 shares at $10.00 and 750,000 advisory shares (subject to approval) creates potential dilution
- Advisory Shares will be issued under an exemption (Section 4(a)(2)) and are unregistered pending stockholder approval, which may delay or condition execution of advisory arrangements
Insights
Capital raise provides sizeable liquidity for crypto strategy but introduces meaningful dilution and financing costs.
The offering of 5.0 million shares raising ~$50 million is material for a company of this size and funds intended crypto/mining initiatives and general liquidity needs. Financing costs include a combined 8% cash fee structure (7% placement fee plus 1% non-accountable) and reimbursed expenses including $150,000 in legal fees, which will reduce net proceeds. The issued placement agent warrant for 350,000 shares at a $10 strike and the advisory commitment of 750,000 shares (subject to approval) create additional potential dilution. Overall impact: adds operational flexibility and balance sheet capacity while diluting existing shareholders and increasing potential share count.
Transactional terms are standard but require shareholder oversight for advisory issuance and scrutiny of agent compensation.
The advisory shares are to be issued pursuant to an exemption under Section 4(a)(2) and are subject to stockholder approval, which places a governance checkpoint before dilution occurs. The placement agent warrant terms (180-day delayed exercisability and five-year term) and the cash fee structure represent meaningful compensation that should be disclosed and tracked for shareholder impact. These elements are routine in capital raises but warrant transparency around dilution timelines and potential insider alignments.
Thumzup Media Corporation ha completato un'offerta registrata di tipo best-efforts per 5,000,000 azioni ordinarie, raccogliendo circa $50 milioni di proventi lordi. La societ脿 ha venduto le azioni ai sensi del suo modulo di registrazione Form S-3 efficace e ha chiuso l'offerta avvalendosi di un placement agent.
La societ脿 intende impiegare i proventi netti per valutare l'accumulo di criptovalute e apparecchiature per il mining, nonch茅 per capitale circolante e scopi aziendali generali. A titolo di compenso, Thumzup ha corrisposto al placement agent una commissione in contanti pari al 7% del prezzo di acquisto complessivo pi霉 un ulteriore 1% per spese non rendicontabili, ha rimborsato spese vive compresi $150,000 di onorari legali e ha emesso al placement agent un warrant per l'acquisto di 350,000 azioni a un prezzo di esercizio di $10.00, esercitabile dopo 180 giorni per un periodo di cinque anni. Separatamente, la societ脿 ha stipulato un accordo di consulenza finanziaria per ottenere consulenza sulla tesoreria in criptovalute in cambio di 750,000 azioni di consulenza, soggette all'approvazione degli azionisti e emesse ai sensi della Sezione 4(a)(2).
Thumzup Media Corporation complet贸 una oferta registrada de tipo best-efforts de 5,000,000 acciones ordinarias, generando aproximadamente $50 millones en ingresos brutos. La compa帽铆a vendi贸 las acciones bajo su declaraci贸n de registro Form S-3 vigente y cerr贸 la colocaci贸n contando con un agente colocador.
La empresa pretende utilizar los ingresos netos para estudiar la acumulaci贸n de criptomonedas y equipos de miner铆a, as铆 como para capital de trabajo y prop贸sitos corporativos generales. Como compensaci贸n, Thumzup pag贸 al agente colocador una tarifa en efectivo igual al 7% del precio de compra agregado m谩s un 1% adicional por gastos no rendibles, reembols贸 gastos directos incluidos $150,000 en honorarios legales, y emiti贸 al agente colocador un warrant para comprar 350,000 acciones a un precio de ejercicio de $10.00, ejercitable despu茅s de 180 d铆as por un plazo de cinco a帽os. De forma separada, la compa帽铆a firm贸 un acuerdo de asesor铆a financiera para recibir asesoramiento de tesorer铆a en cripto a cambio de 750,000 acciones de asesor铆a, sujetas a la aprobaci贸n de los accionistas y emitidas conforme a la Secci贸n 4(a)(2).
Thumzup Media Corporation電� 霌彪霅� 氩犾姢韸胳澊韻检笭(best-efforts) 氚╈嫕鞙茧 5,000,000欤�鞚� 氤错喌欤� 瓿惦毳� 鞕勲頃橃棳 鞎� $50氚彪鞚� 齑� 靾橃澋鞚� 瓯半憪鞐堨姷雼堧嫟. 須岇偓電� 須牓 鞛堧姅 Form S-3 霌彪靹滌棎 霐半澕 欤检嫕鞚� 毵り皝頃橁碃 頂岆爤鞚挫姢毹柬姼 鞐愳澊鞝勴姼(placement agent)毳� 韱淀暣 瓿惦毳� 膦呹舶頄堨姷雼堧嫟.
須岇偓電� 靾滌垬鞚奠潉 鞎旐樃頇旐彁 氚� 毂勱荡 鞛ル箘鞚� 於曥爜 瓴�韱犾檧 鞖挫爠鞛愲掣 氚� 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄頃� 瓿勴殟鞛呺媹雼�. 氤挫儊鞙茧 Thumzup鞚� 頂岆爤鞚挫姢毹柬姼 鞐愳澊鞝勴姼鞐愱矊 齑� 毵れ瀰臧�鞚� 7%鞐� 頃措嫻頃橂姅 順勱笀 靾橃垬耄岇檧 牍勳爼靷� 牍勳毄鞐� 雽�頃� 於旉皜 1%毳� 歆�旮夗枅鞙茧┌, 鞝滊皹 鞁る箘(氩曤牍勳毄 $150,000 韽暔)毳� 靸來櫂頃橁碃, 頂岆爤鞚挫姢毹柬姼 鞐愳澊鞝勴姼鞐愱矊 頄夓偓臧�瓴� $10.00鞐� 350,000欤�毳� 毵れ垬頃� 靾� 鞛堧姅 鞗岆煱韸鸽ゼ 氚滍枆頄堧姅雿�, 鞚措姅 180鞚� 頉� 頄夓偓 臧�電ロ晿氅� 鞙犿毃旮瓣皠鞚� 5雲勳瀰雼堧嫟. 氤勲弰搿� 須岇偓電� 韥韱� 鞛 鞛愲鞚� 鞝滉车氚涥赴 鞙勴暅 鞛鞛愲 瓿勳暯鞚� 觳搓舶頃橁碃 欤检＜ 鞀轨澑 雽�靸侅澑 750,000 鞛愲欤�毳� 雽�臧�搿� 氚滍枆頃橁赴搿� 頄堨溂氅�, 鞚措姅 靹轨厴 4(a)(2)鞐� 霐半澕 氚滍枆霅╇媹雼�.
Thumzup Media Corporation a r茅alis茅 une offre enregistr茅e en best鈥慹fforts portant sur 5,000,000 actions ordinaires, g茅n茅rant environ 50 millions de dollars de produits bruts. La soci茅t茅 a vendu les actions en vertu de sa d茅claration d'enregistrement Form S-3 en vigueur et a cl么tur茅 l'offre avec l'intervention d'un placement agent.
La soci茅t茅 entend utiliser les recettes nettes pour 茅tudier l'accumulation de cryptomonnaies et d'茅quipements de minage, ainsi que pour le fonds de roulement et des besoins g茅n茅raux d'entreprise. En r茅mun茅ration, Thumzup a vers茅 au placement agent des frais en esp猫ces 茅quivalant 脿 7% du prix d'achat global plus un 1% suppl茅mentaire pour frais non justifiables, a rembours茅 des d茅penses engag茅es, y compris $150,000 d'honoraires juridiques, et a 茅mis au placement agent un warrant d'achat de 350,000 actions au prix d'exercice de $10.00, exer莽able apr猫s 180 jours pour une dur茅e de cinq ans. Par ailleurs, la soci茅t茅 a conclu un accord de conseil financier pour recevoir des conseils en tr茅sorerie crypto en 茅change de 750,000 actions de conseil, sous r茅serve de l'approbation des actionnaires et 茅mises en vertu de la Section 4(a)(2).
Thumzup Media Corporation hat ein registriertes Best鈥慐fforts鈥慉ngebot 眉ber 5.000.000 Aktien Stammaktien abgeschlossen und dabei rund 50 Mio. USD an Bruttoerl枚sen erzielt. Die Gesellschaft verkaufte die Aktien unter Verwendung ihres wirksamen Form鈥慡鈥�3鈥慠egistrierungsformulars und schloss das Angebot mit einem Placement鈥慉gent ab.
Die Gesellschaft beabsichtigt, die Nettoerl枚se zur Pr眉fung des Aufbaus von Kryptow盲hrungen und Mining鈥慉usr眉stung sowie f眉r Betriebskapital und allgemeine Unternehmenszwecke zu verwenden. Als Verg眉tung zahlte Thumzup dem Placement鈥慉genten eine Barprovision in H枚he von 7% des Gesamtkaufpreises zuz眉glich weiterer 1% f眉r nicht abrechenbare Auslagen, erstattete tats盲chlich angefallene Kosten einschlie脽lich $150,000 Anwaltskosten und gab dem Placement鈥慉genten ein Optionsrecht zum Kauf von 350,000 Aktien zu einem Aus眉bungspreis von $10.00, aus眉bbar nach 180 Tagen f眉r eine Laufzeit von f眉nf Jahren. Zus盲tzlich schloss die Gesellschaft eine finanzielle Beratungsvereinbarung ab, um Krypto鈥慣reasury鈥態eratung im Austausch f眉r 750,000 Beratungsaktien zu erhalten, die der Zustimmung der Aktion盲re bed眉rfen und gem盲脽 Abschnitt 4(a)(2) ausgegeben werden.
FAQ
What did Thumzup (TZUP) announce in this 8-K?
How will TZUP use the proceeds from the offering?
What fees and expenses were paid related to the offering?
What securities were issued to the placement agent and advisor?
Was the offering registered?
