Asset Entities acquires Ternary and OptionsSwing; Jason Lee becomes CTO

Strive, Inc.

Purchase price: $100K cash + 300K shares of Class B common stock; 177K shares to Jason Lee.
Jason Lee (former Salesforce Lead Solution Engineer) named CTO; Ternary and OptionsSwing assets include customer accounts, IP, software, revenue streams.
Ternary processed over $10M in total revenues (unaudited) since 2020; OptionsSwing generated over $5M total revenue since 2019.
Additional staff added: Janet Hung (Director of Customer Relations), Roberto Infante (Sr. Software Developer), Daniel Montoya (Sr. Sales Director).
Kyle Fairbanks named Chief Marketing Officer; Jackson Fairbanks becomes Director of Socials.

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 Asset Purchase Agreement with Ternary Inc., Ternary Developments Inc., OptionsSwing Inc. (collectively, Sellers), and Jason Lee (Shareholder) valued at $100,000 in cash and 300,000 shares of Class B Common Stock (effective 2023-11-10).

Action: entry
Agreement: asset purchase
Counterparty: Ternary Inc., Ternary Developments Inc., OptionsSwing Inc. (collectively, Sellers), and Jason Lee (Shareholder)
Value: $100,000 in cash and 300,000 shares of Class B Common Stock
Effective: 2023-11-10

Exact text from the filing

On November 10, 2023, Asset Entities Inc., a Nevada corporation (the “Company”), entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Ternary Inc., a Florida corporation (“Ternary FL”), Ternary Developments Inc., a Delaware corporation (“Ternary DE”), OptionsSwing Inc., a Florida corporation (“OSI,” and together with Ternary FL and Ternary DE, individually, a “Seller,” and collectively, the “Sellers”), and Jason Lee, the principal shareholder of each Seller (the “Shareholder”).

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Strive, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-087279

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