Strive proposes IPO of 1.25M shares of Variable Rate Series A Perpetual Preferred Stock

Strive, Inc.

Proposes IPO of 1,250,000 shares of Variable Rate Series A Perpetual Preferred Stock (SATA Stock) at $100 stated amount.
Initial monthly dividend rate 12% per annum; Strive may adjust rate subject to caps tied to SOFR and minimum floor.
Net proceeds for general corporate purposes, including bitcoin acquisition, working capital, and potential debt repayment.
Strive may redeem shares at $110 per share after listing on Nasdaq or NYSE; minimum $50M outstanding for partial redemption.
Barclays and Cantor are joint book-running managers; Clear Street is co-manager.

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