New 10.00% Series A Perpetual Stride Preferred Stock (STRD) ATM up to $4.2B; proceeds for bitcoin acquisitions and working capital.
STRK Certificate of Amendment adjusts liquidation preference to track trading price with $100 floor, effective July 7, 2025.
STRF ATM program expanded: Morgan Stanley added as sales agent via amendment on July 7, 2025.
STRK preferred now has floating liquidation preference tied to recent trading prices; deferred dividends may trigger deemed distributions for tax purposes.
STRD Stock dividends at 10.00% per annum on stated amount, payable quarterly; optional redemption provisions included.
Strategy Inc: Filed Certificate of Amendment to STRK Certificate of Designations to adjust the liquidation preference of the 8.00% Series A Perpetual Strike Preferred Stock to approximate trading price with a $100 floor (effective 2025-07-07).
Change
charter amendment
Effective
2025-07-07
Exact text from the filing
On July 7, 2025, MicroStrategy Incorporated ® d/b/a Strategy TM (“Strategy” or the “Company”) filed a Certificate of Amendment (the “STRK Certificate of Amendment”) with the Secretary of State of the State of Delaware to the STRK Certificate of Designations (the “STRK Certificate of Designations”), which was originally filed on February 5, 2025, and which established the terms of its 8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share (the “STRK Stock”).
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