India, July 1 -- Shares of Thumzup Media Corporation (TZUP) slipped 17% on Tuesday morning after the company agreed with investors to purchase up to 1.08 million common shares for $6.00 per share for proceeds of about $6.5 million.
TZUP is currently trading $5.80, down $1.22 or 17.20%, on the Nasdaq. The stock opened its trading at $6.92 after closing Monday at $7.02. The stock has traded between $2.02 and $9.74 in the past 52-week.
The company intends to use the proceeds for general corporate purposes and to explore accumulating other cryptocurrencies.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....