---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-26-015849"
form_type: "8-K"
ticker: "ASST"
cik: "0001920406"
company_name: "Strive, Inc."
filed_at: "2026-10-20T13:09:05+00:00"
generated_at: "2026-10-20T13:10:07.381045+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Strive closes upsized $630M IPO of 7M 15.00% SATS preferred at $90/share, lists on Nasdaq

## Summary
- Sold 7,000,000 shares of 15.00% Series A Perpetual SATS Preferred at $90/share ($630M gross); trading begins on Nasdaq under "SATS" on or around October 20, 2026.
- SATS pays a 15.00% cumulative dividend on a $100 stated amount, in cash, when declared; first regular dividend date is November 9, 2026 and includes accruals from closing.
- Strive pre-funded an 18-month dividend reserve equal to $22.50 per share (~$157.5M) using existing cash and securities.
- SATS ranks senior to Class A/B common but junior to the existing SATA preferred; $100 liquidation preference resets daily to the greatest of stated amount, prior-day close, or 10-day VWAP.
- Company may redeem all SATS if outstanding falls below 25% of the original issuance or on certain tax events; holders get a Fundamental Change repurchase right at stated amount plus accrued dividends.

## SEC filing metadata
- accession: 0000950103-26-015849
- form_type: 8-K
- ticker: ASST
- cik: 0001920406
- company_name: Strive, Inc.
- filed_at: 2026-10-20T13:09:05+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1920406/000095010326015849/0000950103-26-015849-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1920406/000095010326015849/dp255260_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-26-015849
- JSON: https://secwatch.observer/filing/0000950103-26-015849.json
- Plain text: https://secwatch.observer/filing/0000950103-26-015849.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.