Thumzup Media Amends Bylaws, Introduces Series C Convertible Preferred Stock

Reuters
06-24
Thumzup Media Amends Bylaws, Introduces Series C Convertible Preferred Stock

Thumzup Media Corporation has announced amendments to its bylaws, specifically concerning the designation of Series C Convertible Preferred Stock. The company has filed a Certificate of Designation for 200,000 shares of Series C, with a par value of $0.001 each. These shares come with a conversion price subject to equitable adjustment in events like stock splits. Additionally, there is a beneficial ownership limitation in place, allowing holders to convert Series C shares while maintaining ownership below 4.99% or 9.99%, as per their choice. The Series C shares have a stated value of $60.00 and are entitled to vote on an as-converted basis. They rank junior to Series A and B Convertible Preferred Stocks but senior to Common Stock and other future preferred stocks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Thumzup Media Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-016123), on June 23, 2025, and is solely responsible for the information contained therein.

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