Strive Announces Proposed Initial Public Offering of SATA Stock

Core Viewpoint - Strive, Inc. plans to conduct an initial public offering of 1,250,000 shares of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) to raise capital for various corporate purposes, including acquisitions and working capital [1][2]. Group 1: Offering Details - The offering will consist of 1,250,000 shares of SATA Stock, which will accumulate cumulative dividends at a variable rate, starting with an initial monthly regular dividend rate of 12.00% per annum [1][3]. - Strive intends to establish a dividend reserve equal to the first 12 months of dividend payments, amounting to $12.00 per share of SATA Stock [4]. - The company has the right to redeem the SATA Stock at a cash redemption price of $110 per share after it is listed on a major exchange [5][6]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including the acquisition of bitcoin, income-generating assets, share repurchases, and debt repayment [2]. - Strive may also use the proceeds to fund acquisitions that complement its current business [2]. Group 3: Company Background - Strive is the first publicly traded asset management Bitcoin treasury company, holding approximately 5,957.9 bitcoins as of October 27, 2025, and managing over $2 billion in assets since launching its first ETF in August 2022 [11].