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Thumzup announces a $50 million public offering, with net proceeds used to accumulate cryptocurrency and mining equipment

Internet reports that Trump's eldest son, Donald Trump Jr., invests in social media company Thumzup Media Corporation, which holds cryptocurrency reserves, announced the public offering pricing of its privately issued common shares and provided pre-funded warrants to some investors to purchase its common shares at a public offering price of US$10 per share. The company expects to receive a total of US$46.5 million in total issuance revenue from this offering, before deducting underwriter fees and other related expenses. The offering is expected to complete around August 12, 2025, depending on meeting customary delivery conditions. The company plans to use the net proceeds from this offering to explore the accumulation of cryptocurrencies and mining equipment, working capital and general corporate purposes. Dominari Securities LLC serves as the exclusive underwriter for this offering.

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