secwatch.observer — SEC 8-K summary
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Issuer:     Strive, Inc. (ASST)
CIK:        0001920406
Form:       8-K
Filed at:   2026-10-20T13:09:05+00:00
Accession:  0000950103-26-015849
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1920406/000095010326015849/0000950103-26-015849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1920406/000095010326015849/dp255260_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-015849

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