other material
confidence high
sentiment neutral
materiality 0.55
Thumzup raises $740,000 via Series A Preferred sale to four accredited investors
Datacentrex, Inc.
- Sold 16,446 shares of Series A Preferred at $45/share for gross proceeds of $740,000 to four accredited investors.
- Each Series A share converts into 15 common shares (reference rate $3/share); carries $3.50/share annual dividend payable in cash or kind.
- Conversion capped at 4.99% beneficial ownership (can be waived to 9.99% with 61-day notice); securities unregistered under Rule 506(b).
- Company had 6.3M common shares and no preferred issued prior; also has $215K senior notes convertible at $0.11 due Nov 2022.