Are there any covenants, lock‑up periods, or redemption features attached to the new shares that could affect future supply and demand?

Short answer: The filing does not spell out any special redemption rights, but, as is standard for a confidentially‑marketed public offering, the new shares are likely subject to a typical lock‑up agreement for insiders (usually 90 – 180 days) and an underwriter over‑allotment (greenshoe) option that can temporarily increase the float. No explicit “redemption” feature was disclosed, so the primary supply‑side driver will be the scheduled lock‑up expirations rather than any callable or tender‑offer mechanism.

Trading implications

• Near‑term supply: Because the offering is being priced at $10 per share for a $50 MM raise, the immediate dilution is modest (≈5 % of a ~500 MM‑share base). The market will absorb this new float without major upside pressure, especially if the lock‑up holds the majority of insider shares for the next 3‑4 months.
  
• Medium‑term demand: Anticipate a potential uptick in selling pressure when the lock‑up period ends—historically, the first 30 days after lock‑up expiry can trigger a 2‑4 % dip in the stock as insiders are free to trade. Watch the company’s 8‑K or prospectus for the exact lock‑up date and set a watch‑list for a short‑cover or breakout trade around that window.
  
• Actionable play: If you are bullish on Thumzup’s growth narrative, consider building a position now while the float is still constrained, with a stop just below the $10 pricing level. Conversely, if you are risk‑averse, stay on the sidelines until the lock‑up expiry date is confirmed, then look for a sell‑the‑rally if the stock spikes on the news of renewed supply. Monitoring the underwriter’s greenshoe exercise (usually within the first 30 days) will also help gauge any short‑term upward pressure on the share count.