Thumzup Media Corporation Authorizes Share Repurchase Program of Up to $1 Million
Thumzup Media (TZUP) has announced a share repurchase program of up to $1 million of its common stock, demonstrating its commitment to enhancing shareholder value. The company recently completed an $8.2 million common-stock offering at $5 per share concurrent with its Nasdaq listing in October 2024.
Notable developments include insider purchases of approximately $62,000 in common stock between $3.20 and $4.73 during the last trading window. The platform has shown significant growth, surpassing 700 advertisers with a CAGR exceeding 200%. The company is actively exploring potential acquisitions of businesses generating significant revenues and positive operational cash flows.
The stock buybacks will be executed at management's discretion under Rule 10b-18 of the Exchange Act, considering market conditions and other factors.
Thumzup Media (TZUP) ha annunciato un programma di riacquisto di azioni fino a 1 milione di dollari delle sue azioni ordinarie, dimostrando il suo impegno a migliorare il valore per gli azionisti. L'azienda ha recentemente completato un'offerta di 8,2 milioni di dollari di azioni ordinarie a 5 dollari per azione, in concomitanza con la sua quotazione al Nasdaq nell'ottobre 2024.
Sviluppi notevoli includono acquisti da parte di insider per circa 62.000 dollari in azioni ordinarie tra 3,20 e 4,73 dollari durante l'ultima finestra di trading. La piattaforma ha mostrato una crescita significativa, superando 700 inserzionisti con un CAGR superiore al 200%. L'azienda sta attivamente esplorando potenziali acquisizioni di aziende che generano ricavi significativi e flussi di cassa operativi positivi.
I riacquisti di azioni saranno eseguiti a discrezione della direzione secondo la Regola 10b-18 dell'Exchange Act, tenendo conto delle condizioni di mercato e di altri fattori.
Thumzup Media (TZUP) ha anunciado un programa de recompra de acciones de hasta 1 millón de dólares de sus acciones ordinarias, demostrando su compromiso con el aumento del valor para los accionistas. La compañía completó recientemente una oferta de 8,2 millones de dólares en acciones ordinarias a 5 dólares por acción concurrentemente con su cotización en Nasdaq en octubre de 2024.
Desarrollos notables incluyen compras internas de aproximadamente 62.000 dólares en acciones ordinarias entre 3,20 y 4,73 dólares durante la última ventana de negociación. La plataforma ha mostrado un crecimiento significativo, superando 700 anunciantes con una tasa de crecimiento anual compuesta (CAGR) superior al 200%. La empresa está explorando activamente posibles adquisiciones de negocios que generen ingresos significativos y flujos de efectivo operativos positivos.
Las recompensas de acciones se llevarán a cabo a discreción de la dirección bajo la Regla 10b-18 de la Ley de Intercambio, considerando las condiciones del mercado y otros factores.
Thumzup Media (TZUP)는 주주 가치를 증대시키기 위한 약속을 보여주며, 100만 달러까지 자사 보통주 매입 프로그램을 발표했습니다. 이 회사는 최근 주당 5달러에 820만 달러의 보통주 공모를 완료했으며, 이는 2024년 10월 나스닥 상장과 동시에 진행되었습니다.
주목할 만한 발전으로는 지난 거래 창구에서 3.20달러에서 4.73달러 사이의 보통주를 약 62,000달러에 내부자가 구매한 것이 있습니다. 이 플랫폼은 700명 이상의 광고주를 초과하며 연평균 성장률(CAGR)이 200%를 초과하는 상당한 성장을 보여주었습니다. 회사는 상당한 수익과 긍정적인 운영 현금 흐름을 생성하는 비즈니스의 잠재적 인수 가능성을 적극적으로 탐색하고 있습니다.
주식 매입은 시장 상황 및 기타 요소를 고려하여 거래소법 제10b-18조에 따라 경영진의 재량에 따라 실행될 것입니다.
Thumzup Media (TZUP) a annoncé un programme de rachat d'actions d'un montant pouvant atteindre 1 million de dollars de ses actions ordinaires, démontrant ainsi son engagement à accroître la valeur pour les actionnaires. L'entreprise a récemment complété une offre d'actions ordinaires de 8,2 millions de dollars à 5 dollars par action en même temps que son introduction en bourse sur le Nasdaq en octobre 2024.
Parmi les développements notables, on trouve des achats d'initiés d'environ 62 000 dollars en actions ordinaires entre 3,20 et 4,73 dollars lors de la dernière fenêtre de trading. La plateforme a montré une croissance significative, dépassant 700 annonceurs avec un taux de croissance annuel composé (CAGR) supérieur à 200%. L'entreprise explore activement des acquisitions potentielles d'entreprises générant des revenus significatifs et des flux de trésorerie opérationnels positifs.
Les rachats d'actions seront réalisés à la discrétion de la direction conformément à la règle 10b-18 de la loi sur les échanges, en tenant compte des conditions du marché et d'autres facteurs.
Thumzup Media (TZUP) hat ein Aktienrückkaufprogramm von bis zu 1 Million Dollar seiner Stammaktien angekündigt, was sein Engagement zur Steigerung des Aktionärswerts demonstriert. Das Unternehmen hat kürzlich ein Aktienangebot über 8,2 Millionen Dollar zu 5 Dollar pro Aktie abgeschlossen, das zeitgleich mit seiner Nasdaq-Notierung im Oktober 2024 stattfand.
Bemerkenswerte Entwicklungen umfassen Insiderkäufe von etwa 62.000 Dollar in Stammaktien zwischen 3,20 und 4,73 Dollar während des letzten Handelsfensters. Die Plattform hat ein signifikantes Wachstum gezeigt und über 700 Werbetreibende überschritten, mit einer CAGR von über 200%. Das Unternehmen erkundet aktiv potenzielle Übernahmen von Unternehmen, die erhebliche Einnahmen und positive operative Cashflows generieren.
Die Aktienrückkäufe werden nach Ermessen des Managements gemäß Regel 10b-18 des Exchange Act durchgeführt, wobei die Marktbedingungen und andere Faktoren berücksichtigt werden.
- Authorization of $1 million share repurchase program indicates confidence in company's future
- Strong financial position with recent $8.2M capital raise at $5 per share
- Insider buying of $62,000 demonstrates management confidence
- Significant platform growth with 700+ advertisers and 200%+ CAGR
- Actively pursuing revenue-generating acquisition opportunities
- Current stock price trading below recent $5 offering price
- Share repurchase program may reduce cash available for operations and growth
Company Closed
Insiders Purchased Approximately
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
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
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SOURCE Thumzup Media Corporation
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