What is the size of the capital raise and the pricing range for the Series D shares compared to the current market price?
Answer
The pressârelease excerpt you shared does not contain the specific figures for either:
- The total amount of capital Thumzup Media Corp. is seeking to raise (i.e., the dollar value of the offering), or
- The price range at which the newly created SeriesâŻD shares are being offered relative to the companyâs current market price.
Both of those details are typically disclosed in the âOffering Termsâ section of a companyâs publicâoffering announcement (e.g., âthe company is offering up toâŻXâŻmillion shares of SeriesâŻD at a price ofâŻ$Yâ$Z per share, representing aâŻ% discount/premium to the prevailing market price of $Mâ). However, the snippet you provided stops after noting that the company âhas commenced a bestâefforts public offering of shares of its newly designated SeriesâŻDâ and does not include the quantitative terms.
What to do next
- Locate the full press release â The complete announcement (often posted on the companyâs investorârelations website or on PR Newswire) will list the exact size of the capital raise (e.g., âup to $150âŻmillionâ) and the pricing range (e.g., â$1.20â$1.35 per shareâ) together with a statement of how that range compares to the current trading price of TZUP on Nasdaq.
- Check the SEC filing â For a public offering, the company typically files a Form Sâ1 (or Sâ3) or a Form 8âK that contains the same details. Those documents are available through the SECâs EDGAR system.
- Review market data â Once you have the offering price range, you can compare it to the latest closing price of TZUP (e.g., if the market is $1.40 and the offering is $1.20â$1.35, the discount/premium can be calculated).
Bottom line: Based solely on the information you supplied, the exact capitalâraise size and the pricing range for the SeriesâŻD shares are not disclosed. Youâll need to consult the full press release or the related SEC filing to obtain those figures.