Strive, Inc. closes merger with Strive Enterprises, raises $750M PIPE, appoints new board and CEO

Strive, Inc.

Merger completed Sep 12, 2025; Strive securityholders received 270.5M shares (94.2% pro forma ownership).
PIPE financing raised ~$750M: 345.5M Class A shares, 209.8M pre-funded warrants, 555.3M traditional warrants at $1.35.
New board (11 members) appointed: CEO Matthew Cole, CFO Benjamin Pham, CLO Logan Beirne, CMO Arshia Sarkhani.
Controlling shareholders (Ramaswamy group) entered agreement with board nomination rights and voting control; company becomes controlled company.
Issued 2.68M Class A shares for 69 bitcoin via 351 Exchange.

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