MicroStrategy completes IPO of 11.8M shares of 10% Series A Perpetual Stride Preferred Stock (STRD)

Strategy Inc

Issued 11,764,700 shares of STRD Stock; dividends non-cumulative at 10% on $100 stated amount payable quarterly.
Liquidation preference initially $100 per share, adjusts based on future sale prices of STRD shares.
Redemption at Strategy's option if outstanding shares fall below 25% of original; tax-event redemption also allowed.
Holders have voting rights on charter amendments, business combinations, and other matters.

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