Strive, Inc. (ASST) Form 424B5 — Oct 16, 2026
Strive, Inc. is raising $630 million gross ($608.15 million net) by selling 7,000,000 shares of new 15.00% Series A Perpetual SATS Preferred Stock at $90 per share, with a $100 stated amount and liquidation preference. The SATS Stock pays a 15% cumulative annual dividend, and Strive will fund the first 18 months of dividends by depositing $22.50 per share into a Dividend Reserve at closing, with the stock expected to list on Nasdaq under the symbol "SATS." Barclays and Cantor are joint book-running managers; settlement is expected October 20, 2026.
Key figures
- Gross Proceeds
- 630000000
- Offering Price
- 90
- Shares Offered
- 7000000
- Settlement date
- October 20, 2026
- Cash and equivalents
- 310300000
- Dividend rate annual
- 15.00%
- Aum as of june 30 2026
- $2.8 billion
- Bitcoin holdings units
- 32773
- Estimated net proceeds
- 608150000
- Stated amount per share
- 100
- Dividend reserve per share
- 22.5
- Bitcoin holdings cost basis
- $2.9 billion
- Bitcoin holdings fair value
- $2.7 billion
- First dividend payment date
- November 9, 2026
- Underwriting discount total
- 21000000
- Directed share program shares
- 350000
- Bitcoin average purchase price
- 89353
- Dividend reserve period months
- 18
- Strategy inc shares fair value
- 50300000
- Underwriting discount per share
- 3
- Liquidation preference per share
- 100
- First dividend per share estimate
- 0.871
- Net proceeds before expenses per share
- 87
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