secwatch.observer — SEC 8-K summary
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Issuer:     Strive, Inc. (ASST)
CIK:        0001920406
Form:       8-K
Filed at:   2026-10-16T12:00:22+00:00
Accession:  0000950103-26-015690
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1920406/000095010326015690/0000950103-26-015690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1920406/000095010326015690/dp255095_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-015690

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