MicroStrategy issues 8.5M shares of 10% Series A Perpetual Strife Preferred Stock

Strategy Inc

Issued 8.5M shares at $100 stated amount; 10.00% cumulative quarterly cash dividend.
Unpaid dividends compound quarterly at increasing rates up to a maximum 18% per annum.
Shares rank senior to Class A common and existing 8% Series A Perpetual Strike Preferred in dividends and liquidation.
Optional redemption if <25% outstanding; repurchase right upon a Fundamental Change at stated amount plus dividends.
May elect one director if dividends unpaid for 4 or 8 consecutive quarters; limited voting rights otherwise.

Key facts

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

Strategy Inc: Filed Certificate of Designations establishing a new series of preferred stock titled '10.00% Series A Perpetual Strife Preferred Stock' (effective 2025-03-25).

Change: charter amendment
Effective: 2025-03-25

Exact text from the filing

In connection with the issuance of Perpetual Strife Preferred Stock, Strategy filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware designating an aggregate of 8,500,000 shares of, and establishing the terms of, the Perpetual Strife Preferred Stock.

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Strategy Inc filing history →

Source: SEC EDGAR

accession 0001193125-25-062523

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