secwatch.observer — SEC 8-K summary
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Issuer:     Strive, Inc. (ASST)
CIK:        0001920406
Form:       8-K
Filed at:   2026-01-22T23:59:59+00:00
Accession:  0001140361-26-002005
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Strive Prices Upsized 1.32M Share SATA Preferred Stock Offering at $90/Share and Plans Exchange of $90M Semler Notes
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- Strive entered into underwriting agreement with Barclays and Cantor to sell 1,320,000 shares of SATA preferred stock at $90 per share, raising ~$118.8M.
- Proceeds from offering will be used to redeem or repurchase Semler Convertible Notes (4.25% due 2030) and to acquire bitcoin and bitcoin-related products.
- Strive also plans privately negotiated exchanges with holders of $90M aggregate principal of Semler Convertible Notes for ~930,000 new SATA shares.
- The offering is an upsize over the previously announced $150M transaction size, with settlement expected on January 27, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1920406/000114036126002005/0001140361-26-002005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1920406/000114036126002005/ny20063534x3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-002005

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