secwatch.observer — SEC 8-K summary
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Issuer:     Datacentrex, Inc. (DTCX)
CIK:        0001853825
Form:       8-K
Filed at:   2025-07-07T23:59:59+00:00
Accession:  0001641172-25-018006
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853825/000164117225018006/0001641172-25-018006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853825/000164117225018006/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-018006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer