Donald Trump Jr., son of former President Donald Trump, invested in a social media company Thumzup Media Corporation that holds a reserve of cryptocurrencies. The company announced the pricing of its privately issued common stock public offering and offered pre-funded warrants to certain investors to purchase its common stock, with a public offering price of $10 per share.
The company expects to receive a total of $46.5 million in gross proceeds from this offering, before deducting underwriting fees and other related expenses. The offering is expected to be completed around August 12, 2025, subject to customary closing conditions.
The company plans to use the net proceeds from this offering for exploring cryptocurrency accumulation and mining equipment, working capital, and general corporate purposes. Dominari Securities LLC is the exclusive underwriter for this offering.
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