secwatch.observer — SEC 8-K summary
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Issuer:     Strive, Inc. (ASST)
CIK:        0001920406
Form:       8-K
Filed at:   2026-10-13T20:34:28+00:00
Accession:  0001628280-26-065737
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Strive proposes IPO of 5,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock
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- Proposed IPO of 5,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock, $0.001 par value, stated amount $100/share.
- Net proceeds for general corporate purposes, including bitcoin and bitcoin-related products, working capital, income-generating assets, capex, and buybacks of Class A common or SATA preferred.
- At closing, Strive will fund a dividend reserve equal to first 18 months of dividends, $22.50 per share (about $112.5M for 5M shares), from cash and securities.
- Regular dividend payment dates begin November 9, 2026, and fall on each business day; first dividend includes accrued amounts from closing.
- Joint book-runners Barclays and Cantor; Clear Street lead manager; B. Riley, H.C. Wainwright, Maxim, StoneX co-managers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1920406/000162828026065737/0001628280-26-065737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1920406/000162828026065737/asst-20261013.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-065737

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