Asset Entities sets Series A Preferred conversion floor price to $0.18

Strive, Inc.

Amendment filed Jan 22, 2025, changes Floor Price definition to $0.18 for Series A Convertible Preferred Stock.
Floor price subject to adjustments for stock splits, dividends, reclassifications, or similar transactions.
Approved by unanimous written consent of the sole holder of all outstanding Series A Preferred on Jan 21, 2025.
Amendment became effective immediately upon filing with the Nevada Secretary of State.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Strive, Inc.: Amended Certificate of Designation of Series A Convertible Preferred Stock to define 'Floor Price' as $0.18, subject to adjustments for stock splits, dividends, combinations, recapitalizations or similar transactions (effective 2025-01-22).

Change: charter amendment
Effective: 2025-01-22

Exact text from the filing

The Fourth Amended Designation amended the Certificate of Designation to provide that the term “Floor Price” will be defined as $0.18, subject to adjustments for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions.

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Strive, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-005554

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