Asset Entities amends $1M equity line with Triton at 85% VWAP discount

Strive, Inc.

Restructured agreement allows issuance of Class B common stock and pre-funded warrants for up to $1M gross proceeds.
Purchase price set at 85% of lowest VWAP during five business days before and after closing notice.
Investor may elect pre-funded warrants with $0.01 exercise price to stay under 9.99% beneficial ownership limit.
Closing notice must be delivered by September 30, 2023; company pays $25,000 administrative fee to Triton.
Boustead Securities receives 7% cash fee ($70k), 1% expense allowance ($10k), and 5-year warrants for 7% of shares/warrants.

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. amended Amended and Restated Closing Agreement with Triton Funds LP valued at $1,000,000 (effective 2023-08-01).

Action: amendment
Agreement: equity purchase
Counterparty: Triton Funds LP
Value: $1,000,000
Effective: 2023-08-01

Exact text from the filing

ntered into a Closing Agreement (the “Closing Agreement”) with Triton Funds LP, a Delaware limited partnership (“Triton”). Under the Closing Agreement, the Company agreed to sell to Triton shares of class B common stock, $0.0001 par value per share, of the

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Strive, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-063849

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