Thumzup Media Corporation plans to raise 46.5 million USD to purchase crypto assets and mining equipment.

According to Mars Finance, as reported by PR Newswire, Thumzup Media Corporation, a Nasdaq-listed company in which Trump's eldest son Donald Trump Jr. has invested and holds a reserve of crypto assets, announced the issuance of pre-funded warrants in lieu of common stock to certain investors at a public offering price of $10 per share, with total fundraising expected to be $46.5 million. The transaction is expected to be completed around August 12, 2025, but is subject to customary closing conditions. The company intends to use the net proceeds from this issuance to purchase crypto assets and mining equipment, for working capital, and for general corporate purposes.

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