secwatch.observer — SEC 8-K summary
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Issuer:     Strategy Inc (MSTR)
CIK:        0001050446
Form:       8-K
Filed at:   2025-03-25T23:59:59+00:00
Accession:  0001193125-25-062523
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050446/000119312525062523/0001193125-25-062523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050446/000119312525062523/d943742d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-062523

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