Strive closes upsized $149.3M Series A preferred offering; proceeds used to buy bitcoin

Strive, Inc.

Offering of 2,000,000 SATA shares upsized from 1,250,000 shares; priced at $80 per share.
Net proceeds ~$149.3M after underwriting discounts and expenses; used to buy bitcoin and for general corporate purposes.
SATA stock pays cumulative dividends at initial 12% variable rate; Strive may adjust rate under certain conditions.
Dividend reserve of $12.00 per share (12 months at 12%) established from existing cash on hand.
SATA stock ranks senior to common stock; liquidation preference initially $100 per share, adjusts based on trading price.

item 1.01 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Strive, Inc.: Filed Certificate of Designation establishing terms of SATA Stock, effective November 10, 2025 (effective 2025-11-10).

Change: charter amendment
Effective: 2025-11-10

Exact text from the filing

Strive filed a Certificate of Designation (the “Certificate of Designation”) with the Nevada Secretary of State (which became effective on November 10, 2025) designating 2,000,000 shares, and establishing the terms, of the SATA Stock.

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Strive, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-041295

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