Thumzup Media Corporation Authorizes Share Repurchase Program of Up to $1 Million

Group 1 - Thumzup Media Corporation closed an $8.2 million offering at$5 per share, coinciding with its Nasdaq listing in October 2024 [1] - Insiders purchased approximately $62,000 in common stock at prices ranging from$3.20 to $4.73 during the last trading window [1] - The platform has surpassed 700 advertisers, demonstrating a compound annual growth rate (CAGR) of over 200 percent [1] Group 2 - The board of directors authorized a share repurchase program of up to$1 million, reflecting the company's commitment to enhancing shareholder value [2] - The share buybacks will be executed at management's discretion, considering market conditions and other relevant factors [2] - CEO Robert Steele emphasized that the repurchase program showcases confidence in Thumzup's growth trajectory and strategic capital deployment [2] Group 3 - Thumzup's flagship product democratizes the multi-billion dollar social media branding and marketing industry, allowing users to earn cash for posting about participating advertisers [4] - The Thumzup platform features a robust programmatic advertiser dashboard and a consumer-facing app, facilitating cash payments to users through digital payment systems [4] - The Thumzup app is available for download on both the App Store and Google Play [3]