Thumzup Media Plunges 18.69% Amid Public Offering Update

On August 11, 2025, Thumzup Media experienced a significant drop of 18.69% in pre-market trading, reflecting a notable shift in investor sentiment towards the company.

Thumzup Media has recently updated the terms of its proposed public offering, now including common stock and pre-funded warrants to purchase common stock. This strategic move aims to attract a broader range of investors by providing alternative securities structures. The company plans to use the net proceeds from this offering to explore cryptocurrency accumulation and the acquisition of mining equipment, aligning with its objective as a digital asset accumulator. Additionally, part of the funds will be allocated for working capital and general corporate purposes.

The offering is being conducted through a shelf registration statement on Form S-3, which was declared effective by the U.S. Securities and Exchange Commission (SEC) on May 30, 2025. Dominari Securities LLC is acting as the sole placement agent for this initiative. However, the completion and terms of the offering are contingent upon market conditions, with no guarantees on the final execution.