Strategy Inc raises ~€620M via 10.00% Series A Perpetual Stream Preferred Stock IPO

Strategy Inc

Issued 7,750,000 shares of STRE Stock at €100 stated amount per share.
Gross proceeds of approximately €620M ($716.8M); net proceeds ~€608.8M ($703.9M).
Cumulative dividends at 10% per annum, compounded at increasing rates if unpaid, up to 18%.
Company may redeem all shares if less than 25% remain outstanding; holders have fundamental change repurchase rights.
Liquidation preference per share adjusts daily based on trading prices and sale transactions.

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