Strive Announces Proposed Initial Public Offering of SATS Stock
Key Highlights
- ➤Strive proposes offering 5,000,000 SATS preferred shares at a $100 stated amount
- ➤SATS Stock carries cumulative 15.00% annual dividends, payable when declared
- ➤Strive plans to use proceeds for bitcoin, assets, acquisitions, capital expenditures, or buybacks
- ➤Strive will establish an $22.50-per-share reserve covering the first 18 months’ dividends
- ➤Strive Asset Management manages over $2.8 billion in assets
DALLAS, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST) (“Strive” or the “Company”) today announced that, subject to market and other conditions, it intends to conduct an initial public offering (the “offering”) registered under the Securities Act of 1933, as amended (the “Securities Act”), of 5,000,000 shares of Strive’s 15.00% Series A Perpetual SATS Preferred Stock, par value $0.001 per share (the “SATS Stock”).
Strive intends to use the net proceeds from the offering for general corporate purposes, including, among other things, the acquisition of bitcoin and bitcoin-related products and for working capital, the purchase of income generating assets to grow the Company’s business, other capital expenditures, and/or repurchases of shares of the Company’s Class A common stock, par value $0.001 per share (the “Class A Common Stock”) or its Variable Rate Series A Perpetual Preferred Stock, par value $0.001 per share (the “SATA Stock”). Strive may also use such proceeds to fund acquisitions of businesses, assets or technologies that complement its current business.
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