Thumzup closes $6.5M registered direct offering; CEO sells 2.5M shares in private transaction

Datacentrex, Inc.

Net proceeds of ~$6.04M from sale of Series C Preferred Stock convertible to common at $6.00/share.
CEO Robert Steele sold 2.5M common shares at $0.50/share to offering investors, receiving $1.25M.
Company filed amendment making Series C non-voting; conversion subject to 4.99%/9.99% beneficial ownership cap.
Proceeds to be used for general corporate purposes and to accumulate other cryptocurrencies.
Adtech subsidiary Quantum Reach may use up to $1.5M of company's cash/digital assets per board-approved budget.

item 1.01 item 5.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Datacentrex, Inc.: Amended Certificate of Designation for Series C Convertible Preferred Stock to eliminate voting rights (effective 2025-06-30).

Change: charter amendment
Effective: 2025-06-30

Exact text from the filing

On June 30, 2025, the Company filed with the Nevada Secretary of State an amendment to the Certificate of Designation, Preferences, Rights and Limitations of Series C Convertible Preferred Stock which was previously described in our Current Report on Form 8-K dated June 23, 2025 (the “Amendment”).

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13 governance changes filed in the last 30 days. Browse all governance changes →

Datacentrex, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-018006

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