Thumzup announces full exercise of underwriter’s overallotment option

Thumzup (TZUP) Media announced that Dawson James Securities, Inc., the underwriter of its previously announced public offering that closed on October 30, 2024, fully exercised its overallotment option to purchase an additional 213,750 shares at $5.00 per share, increasing the total shares sold to 1,638,750 and gross proceeds to approximately $8.2 million. The option closing is set for November 1, 2024. Gross proceeds from the offering are $8,193,750 before deducting underwriting discounts and commissions and offering expenses. Dawson James Securities, Inc., acted as the Sole Book-Running Manager for the offering. Sichenzia Ross Ference Carmel LLP, New York, NY, represented the Company in connection with the offering, and ArentFox Schiff LLP, Washington, DC, represented the underwriter.