Company Closed $8.2 Million at $5 per Share in a Common-Stock Only Offering Simultaneous with Its Nasdaq Listing in October 2024
Insiders Purchased Approximately $62,000 in Common Stock Between $3.20 and $4.73 During the Last Trading Window
Platform Recently Surpassed 700 Advertisers – CAGR of Over 200 percent
Thumzup is Actively Evaluating Potential Acquisitions that are Generating Significant Revenues and Positive Cashflows from Operations
LOS ANGELES, March 12, 2025 /PRNewswire/ — Thumzup Media Corporation (“Thumzup” or the “Company”) (Nasdaq: TZUP), an emerging leader in social media branding and programmatic marketing solutions, today announced that its board of directors authorized a share repurchase program of up to $1 million of the Company’s common stock.
The authorization demonstrates Thumzup’s commitment to enhancing shareholder value. The stock buybacks will be executed at management’s discretion, considering market conditions and other pertinent factors.
“We believe that this repurchase program reflects our confidence in Thumzup’s growth trajectory and the opportunity to deploy capital strategically,” commented Robert Steele, Chief Executive Officer of Thumzup Media Corporation. “Additionally, the authorization reflects Thumzup’s dedication to enhancing shareholder value while leveraging its strong financial position.”
The share repurchase program is in accordance with Rule 10b-18 of the Exchange Act. Subject to applicable rules and regulations, the shares may be purchased from time to time in the open market or in privately negotiated transactions. Such purchases will be at times and in amounts as the Company deems appropriate, based on factors such as market conditions, legal requirements and other business considerations.
The Thumzup app is available for download on the App Store and Google Play.
About Thumzup®
Thumzup Media Corporation (Thumzup) is democratizing the multi-billion dollar social media branding and marketing industry. Its flagship product, the Thumzup platform, utilizes a robust programmatic advertiser dashboard coupled with a consumer-facing App to enable individuals to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through PayPal and other digital payment systems.
Thumzup was featured on CBS Los Angeles and in KTLA.
Legal Disclaimer
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its potential growth, impacts on the advertising industry, plans for potential uplisting, and planned expansion. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
SOURCE Thumzup Media Corporation