Asset Entities closes IPO of 1.5M shares at $5.00, net proceeds ~$6.6M

Strive, Inc.

Sold 1,500,000 shares of Class B Common Stock at $5.00 per share; gross proceeds $7.5M, net ~$6.6M.
Shares began trading on Nasdaq Capital Market on Feb 3, 2023 under ticker 'ASST'.
Underwriter Boustead Securities granted 45-day overallotment option for additional 225,000 shares.
CEO Arshia Sarkhani: $240K salary + $10K bonus + 200,000 RSUs vesting over 3 years; similar packages for CXO and CFO.
Proceeds to be used for infrastructure, Discord marketing, AE.360.DDM expansion, SiN network, and working capital.

item 1.01 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Strive, Inc. entered into Underwriting Agreement with Boustead Securities, LLC (effective 2023-02-02).

Action: entry
Agreement: underwriting
Counterparty: Boustead Securities, LLC
Effective: 2023-02-02

Exact text from the filing

On February 2, 2023, Asset Entities Inc., a Nevada corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with Boustead Securities, LLC, as representative of the underwriters named on Schedule 1 thereto (the “Representative”), relating to the Company’s initial public offering (the “Offering”) of 1,500,000 shares (the “Shares”) of the Company’s Class B Common Stock, $0.0001 par value per share (“Class B Common Stock”).

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38 material agreements filed in the last 30 days. Browse all material agreements →

Strive, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-009254

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