The US-listed company Thumzup submitted an amendment to increase the maximum total issuance amount to $500 million to acquire Bitcoin
ChainCatcher news, Nasdaq-listed Thumzup Media Corporation announced that it has submitted an amendment to its "universal shelf" registration statement S-3 to the U.S. Securities and Exchange Commission (SEC), increasing the maximum total offering amount from $200 million to $500 million.Once effective, this increased registration statement will allow Thumzup to raise up to $500 million in funds to increase working 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 capital management strategy.According to the terms of the offering, Thumzup may raise funds through one or more offerings within three years after the registration statement becomes effective, using various securities, including common stock, preferred stock, warrants, debt securities, purchase contracts, and/or units.