Strive prices upsized 7,000,000-share SATS preferred offering at $90, expects $630 million gross proceeds

Strive, Inc.

• Strive priced 7,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock at $90 per share, an upsize of 2,000,000 shares.
• Estimated gross proceeds are about $630 million; issuance and sale is scheduled to settle on October 20, 2026, subject to customary closing conditions.
• Net proceeds may fund bitcoin and bitcoin-related products, working capital, income-generating assets, capital expenditures, and repurchases of Class A Common or SATA Stock.
• Barclays and Cantor are joint book-running managers; Clear Street is lead manager; B. Riley, H.C. Wainwright, Maxim Group, and StoneX are co-managers.
• SATS Stock pays 15.00% cumulative dividends on $100 stated amount; Strive plans to deposit $22.50 per share for 18 months of dividends.