secwatch.observer — SEC 8-K summary
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Issuer:     Strive, Inc. (ASST)
CIK:        0001920406
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001213900-23-063849
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1920406/000121390023063849/0001213900-23-063849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1920406/000121390023063849/ea182946-8k_assetent.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-063849

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