secwatch.observer — SEC 8-K summary
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Issuer:     Strive, Inc. (ASST)
CIK:        0001920406
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001140361-25-041295
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1920406/000114036125041295/0001140361-25-041295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1920406/000114036125041295/ny20056805x8_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-041295

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