Who are the target investors for this bestâefforts offering and what is the expected level of demand?
Based on the excerpt you provided, the press release does not spell out the specific âtarget investorsâ for the SeriesâŻD bestâefforts public offering, nor does it give any quantitative or qualitative indication of the expected level of demand for the shares. The summary only notes that Thumzup Media Corporation âhas commenced a bestâefforts public offering of shares of its newly designated SeriesâŻDâŠâ, without elaborating on who the offering is being marketed to (e.g., institutional investors, accredited investors, retail investors, strategic partners, etc.) or how strong the anticipated demand is expected to be.
What can be inferred (but is not explicitly stated in the article):
Aspect | Typical practice for a bestâefforts offering | Mentioned in the article? |
---|---|---|
Target investor profile | Bestâefforts offerings are usually marketed to qualified/institutional investors and highânetâworth (accredited) individuals, because the securities are often unregistered and the offering relies on the underwritersâ ability to sell the shares. | No â the article does not list any investor categories. |
Expected demand | Companies sometimes comment that they expect âstrongâ or ârobustâ demand, especially if they have a compelling growth story or a limited number of shares. In a bestâefforts deal, the underwriter does not guarantee the amount raised, so demand can be uncertain. | No â the article provides no guidance on demand expectations. |
Because the press release you quoted does not include these details, a definitive answer cannot be extracted from the information available. If you need the exact investor targeting language and demand outlook, you would have to consult the full press release (or the accompanying securities filing) where Thumzup Media Corporation likely outlines:
- Target investors â e.g., âaccredited investors, institutional investors, and strategic partnersâ (or any other categories they specify).
- Demand expectations â e.g., âWe anticipate strong demand based on prior private placementsâ or âThe offering is being marketed on a bestâefforts basis and demand will be determined by market conditions.â
If you have access to the complete release or the filing (such as the Sâ1 or prospectus supplement), those sections will contain the precise language youâre looking for. Otherwise, the information provided does not allow us to identify the target investor groups or the expected demand level.