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American Battery Technology, Quantum Computing, CEA Industries And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Benzinga· 2025-09-22 12:18
Market Overview - U.S. stock futures are lower, with Dow futures dropping more than 100 points on Monday [1] Company-Specific Movements - American Battery Technology Company (ABAT) shares fell 12.2% to $2.89 in pre-market trading after filing for a mixed shelf offering of up to $250 million [2] - Yueda Digital Holding (YDKG) shares tumbled 13.1% to $2.92 in pre-market trading, following a decline of over 3% on Friday [4] - Quantum Computing Inc. (QUBT) shares dipped 12.2% to $20.40 in pre-market trading, expecting a cash position of $850 million after closing a $500 million common stock private placement [4] - CEA Industries Inc. (BNC) shares declined 9.8% to $8.74 in pre-market trading, as the company authorized a $250 million stock buyback [4] - Amer Sports, Inc. (AS) shares slipped 9.2% to $34.01 in pre-market trading after announcing warm third-quarter revenue growth guidance [4] - Bitmine Immersion Technologies, Inc. (BMNR) shares declined 7.3% to $56.34 in pre-market trading after a gain of over 2% on Friday [4] - Strive, Inc. (ASST) shares fell 7% to $4.00 in pre-market trading after gaining more than 12% on Friday [4] - Upexi, Inc. (UPXI) shares dropped 6.2% to $6.17 in pre-market trading after a decline of around 4% on Friday [4] - DeFi Development Corp. (DFDV) shares declined 5.7% to $15.95 in pre-market trading, following the announcement of a strategic collaboration with ZeroStack [4]
Strive, Inc. (Nasdaq: ASST) and Semler Scientific, Inc. (Nasdaq: SMLR) Announce Bitcoin Treasury Merger in All-Stock Transaction
Globenewswire· 2025-09-22 12:15
Core Viewpoint - Strive, Inc. has entered into a definitive agreement to acquire Semler Scientific, Inc. in an all-stock transaction, enhancing its position as a leading Bitcoin treasury company and expanding its business into medical diagnostics [1][2]. Company Overview - Strive, Inc. is the first publicly traded asset management Bitcoin treasury company, currently holding 5,886 Bitcoin and managing over $2 billion in assets since launching its first ETF in August 2022 [4]. - Semler Scientific, Inc. is a leader in medical devices and software aimed at combating chronic diseases and is the second U.S. public company to adopt Bitcoin as its primary treasury reserve asset [6][7]. Transaction Details - The acquisition represents an approximately 210% premium, equivalent to about $90.52 per share, based on the trading prices as of September 19, 2025 [6]. - Each common share of Semler Scientific will be exchanged for 21.05 Class A common shares of Strive [6]. - The combined company will own over 10,900 Bitcoin prior to any additional Bitcoin raised from future financings [6]. Strategic Goals - The merger aims to create significant value for stockholders by delivering a substantial premium and expanding into a robust preventative care and wellness platform focused on early detection of chronic diseases [2][6]. - Strive's management intends to operate with a "preferred equity only" leverage model to avoid debt maturity risks associated with traditional leveraged Bitcoin strategies [6]. Legal and Financial Advisory - Davis Polk & Wardwell LLP is serving as legal counsel to Strive, while Goodwin Procter LLP is legal counsel to Semler Scientific [3]. - Cantor Fitzgerald, L.P. is the financial advisor to Strive, and LionTree Advisors LLC is the financial advisor to Semler Scientific [3].
Morning Market Movers: AGMH, ATMV, BREA, ASST See Big Swings
RTTNews· 2025-09-19 11:53
Core Viewpoint - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - AGM Group Holdings Inc. (AGMH) increased by 185% to $6.36 [3] - AlphaVest Acquisition Corp (ATMV) rose by 77% to $26.80 [3] - Brera Holdings PLC (BREA) saw a 20% increase to $30.00 [3] - Asset Entities Inc. (ASST) gained 18% to $4.54 [3] - 22nd Century Group, Inc. (XXII) also increased by 18% to $2.08 [3] - Millennium Group International Holdings Limited (MGIH) rose by 16% to $2.84 [3] - Robo.ai Inc. (AIIO) increased by 11% to $2.17 [3] - Butterfly Network, Inc. (BFLY) saw a 10% rise to $2.10 [3] - GrafTech International Ltd. (EAF) increased by 9% to $13.91 [3] - Cardlytics, Inc. (CDLX) rose by 8% to $2.99 [3] Premarket Losers - ECD Automotive Design, Inc. (ECDA) decreased by 14% to $3.70 [4] - Champions Oncology, Inc. (CSBR) fell by 8% to $6.11 [4] - Beam Global (BEEM) saw an 8% decline to $2.79 [4] - Fathom Holdings Inc. (FTHM) decreased by 8% to $2.19 [4] - Ventyx Biosciences, Inc. (VTYX) fell by 7% to $2.20 [4] - SciSparc Ltd. (SPRC) decreased by 6% to $4.35 [4] - Lightwave Logic, Inc. (LWLG) fell by 6% to $3.45 [4] - Jasper Therapeutics, Inc. (JSPR) decreased by 6% to $2.43 [4] - StableX Technologies, Inc. (SBLX) fell by 5% to $5.67 [4] - Galecto, Inc. (GLTO) decreased by 5% to $2.70 [4]
Why Strive (ASST) Extended Losses, Dropped 17.86%
Yahoo Finance· 2025-09-18 15:18
Company Overview - Strive Inc. (NASDAQ: ASST) is a newly formed company resulting from the merger between Asset Entities Inc. and Strive Enterprises Inc. [2] - The company has finalized equity financing amounting to $750 million, with an additional $750 million potentially available through warrants [2] Recent Performance - Strive Inc. experienced a significant decline, dropping 17.86% to close at $3.68 per share, marking its fourth consecutive day of losses [1] - The decline follows a steep surge attributed to a $1.5 billion Bitcoin strategy, as investors began to book profits [1] Leadership Changes - Recent leadership changes include Matt Cole taking on the roles of chairman and CEO, while Ben Pham has been appointed as CFO [3] - Arshia Sarkhani, the former CEO of Asset Entities, has assumed the role of chief marketing officer [3] Strategic Focus - The executive team emphasizes their expertise in Bitcoin, capital markets, and governance, aiming to drive substantial shareholder value [4] - The company's mission is to increase Bitcoin per share and outperform Bitcoin over the long term [4]
Strive Announces Acquisition of MSTR True North Inc. Appoints Jeff Walton as Chief Risk Officer & CEO of True North
Globenewswire· 2025-09-16 11:15
Core Insights - Strive, Inc. has announced a strategic acquisition of True North Inc. in a de minimis cash transaction, enhancing its position in Bitcoin advocacy and digital finance [1] - The acquisition is expected to create synergies that will facilitate platform expansion without incurring additional costs [1] - True North's founder, Jeff Walton, has been appointed as CEO of True North and Chief Risk Officer of Strive, indicating a leadership integration [2] Company Overview - Strive is the first publicly traded asset management Bitcoin treasury company, focusing on increasing Bitcoin per share to outperform Bitcoin over the long term [4] - Since launching its first ETF in August 2022, Strive has grown to manage over $2 billion in assets [4] Strategic Implications - The acquisition allows True North to leverage existing distribution channels built by Asset Entities, marking a new expansionary era for its media platform, including its Investment Grade Bitcoin podcast [2] - Jeff Walton expressed that joining forces with Strive is a rational path to amplify True North's influence and accelerate market development [3]
Strive Taps Crypto Veterans To Guide $1.5 Billion Bitcoin Treasury Expansion
Yahoo Finance· 2025-09-15 16:00
Group 1 - Strive Inc. shares fell sharply by 17.48% to $7.006 as investors reacted to the company's aggressive Bitcoin accumulation strategy [1][5] - The company completed a merger with Asset Entities Inc., which provided an initial stake of 69 Bitcoin and access to $450 million at-the-market offerings [2] - Strive's board includes experienced Bitcoin strategists, enhancing its governance and digital asset strategy capabilities [3] Group 2 - The company has authorized a $500 million stock buyback program and plans to issue a perpetual preferred equity security in 2025 to support Bitcoin purchases [4] - Concerns about dilution, execution uncertainties, and regulatory risks have contributed to the decline in share price despite the ambitious strategy [4]
Strive Announces Board of Directors and Initial Bitcoin Strategy
Prnewswire· 2025-09-15 11:30
Core Insights - Strive, Inc. is positioned as the first publicly traded asset management Bitcoin treasury company, focusing on increasing Bitcoin per share and outperforming Bitcoin over the long term [4][8]. Company Strategy - The company began with 69 Bitcoin acquired through a Section 351 exchange during its merger with Asset Entities, Inc. It plans to enhance its Bitcoin strategy using proceeds from a $750 million financing round announced in May 2025, with a potential additional $750 million from warrant exercises [2][4]. - Strive has filed a S-3 ASR shelf registration, allowing it to raise additional capital through various financing tools, including a stock repurchase program of up to $500 million, contingent on market conditions [3][4]. Board of Directors - The board is composed of experienced Bitcoin executives, emphasizing the importance of a mission-aligned board for achieving the company's goals in Bitcoin treasury management [4][7]. Financial Instruments - Strive aims to leverage its shelf registration to issue publicly registered perpetual preferred equity securities to purchase additional Bitcoin, which is expected to amplify Bitcoin exposure for common equity shareholders while providing attractive risk-adjusted income opportunities for yield-focused investors [5][6]. Market Position - Since launching its first ETF in August 2022, Strive Asset Management has grown to manage over $2 billion in assets, indicating a strong market presence and investor interest [9].
Strive, Inc. Announces Completion of Merger Between Asset Entities and Strive Enterprises, Inc.
Prnewswire· 2025-09-12 20:30
Group 1 - The combined company will continue to trade on Nasdaq under the ticker ASST [1] - The company will begin its Bitcoin accumulation strategy [1]
Vivek Ramaswamy-Backed Strive, Asset Entities Get Shareholder Approval To Merge, Launch $1.5 Billion Public Bitcoin Treasury Company
Yahoo Finance· 2025-09-11 18:30
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Asset Entities Inc. (NASDAQ:ASST) shareholders approved a reverse merger with Vivek Ramaswamy-backed Strive Enterprises, creating what executives call a leading public Bitcoin (CRYPTO: BTC) treasury company with potential $1.5 billion in funding. Transaction Details Finalized The merger received strong shareholder support from Asset Entities on Monday, following Strive shareholders’ September 4 approval. T ...
X @Wu Blockchain
Wu Blockchain· 2025-09-10 15:36
Asset Entities (ASST) and Strive Enterprises, co-founded by former presidential candidate Vivek Ramaswamy, have received merger approval. The new entity will be renamed Strive Inc. and pursue a Bitcoin treasury strategy. Pending Nasdaq approval, the deal includes a $750 million PIPE and could raise up to $1.5 billion if warrants are exercised.https://t.co/xhiqpdYAYi ...