Asset Entities signs $1M stock purchase agreement with Triton Funds at 85% of VWAP

Strive, Inc.

Up to $1M of Class B common stock may be sold at 85% of the lowest daily VWAP over the prior 5 business days.
Closing must occur by September 30, 2023; conditioned on effective registration and Triton ownership below 9.99%.
Net proceeds will be used for general corporate and working capital purposes.
Boustead Securities to receive 7% cash fee and 7% warrant coverage, plus 1% expense allowance.
No pre-existing relationship between Asset Entities and Triton Funds other than this agreement.

item 1.01 item 7.01 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 Closing Agreement with Triton Funds LP valued at $1,000,000 (effective 2023-06-30).

Action: entry
Agreement: equity purchase
Counterparty: Triton Funds LP
Value: $1,000,000
Effective: 2023-06-30

Exact text from the filing

On June 30, 2023, Asset Entities Inc., a Nevada corporation (the “Company”), entered into a Closing Agreement (the “Closing Agreement”) with Triton Funds LP, a Delaware limited partnership (“Triton Funds”).

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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 0001213900-23-054334

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