Publicly listed company Thumzup has filed an amendment to increase the maximum total offering amount to $500 million to acquire Bitcoin

BlockBeats News, May 7th, Nasdaq-listed company Thumzup Media Corporation announced that it has submitted an amended Form S-3 filing to the U.S. Securities and Exchange Commission (SEC) for its "universal shelf" registration statement, increasing the maximum aggregate offering amount from $200 million to $500 million.

Once effective, this increased registration statement will allow Thumzup to raise up to $500 million in funding to increase its operating capital and further advance its Bitcoin (BTC) acquisition strategy. The company's board of directors had previously authorized Thumzup to allocate up to 90% of its liquid assets to BTC as part of its treasury management strategy.

Under the terms of the offering, Thumzup may raise funds through one or more offerings over a three-year period after the registration statement becomes effective, using various securities, including common stock, preferred stock, warrants, debt securities, purchase contracts, and/or units.