MicroStrategy (Strategy) announces IPO of 2.5M shares of 10% Series A Perpetual Stride Preferred Stock (STRD)

Strategy Inc

Proposed IPO of 2,500,000 shares of 10.00% Series A Perpetual Stride Preferred Stock (STRD).
Net proceeds to be used for general corporate purposes, including bitcoin acquisition and working capital.
Non-cumulative dividends at 10.00% per annum on $100 stated amount, payable quarterly starting Sept 30, 2025.
Company may redeem if outstanding shares fall below 25% of original issue; holders have repurchase rights upon fundamental change.
Joint book-running managers: Barclays, Morgan Stanley, Moelis & Company, TD Securities.

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