Strive, Inc. (ASST) Form 8-K — Oct 16, 2026
Strive, Inc. priced an underwritten offering of 7,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock at $90 per share, upsized from the 5,000,000 shares previously announced, for estimated gross proceeds of approximately $630 million. Barclays Capital and Cantor Fitzgerald are joint book-running managers, purchasing at $87.00 per share, with settlement scheduled for October 20, 2026. Net proceeds are earmarked for general corporate purposes, including acquiring bitcoin and bitcoin-related products, income-generating assets, potential repurchases of Class A common stock or SATA preferred stock, and possible acquisitions.
Key figures
- Gross Proceeds
- 630000000
- Offering Price
- 90
- Shares Offered
- 7000000
- Dividend Rate
- 15.00% per annum on $100 stated amount
- Lockup Period
- Until Nasdaq listing of the Preferred Stock or 15 days from the date of the prospectus
- Settlement Date
- 2026-10-20
- Upsize From Shares
- 5000000
- First Dividend Date
- 2026-11-09
- Stated Amount Per Share
- 100
- First Dividend Per Share
- $0.8710
- Underwriter Purchase Price
- $87.00 per share
AI analysis
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