Strive Announces Pricing of Upsized Initial Public Offering of SATA Stock

Core Viewpoint - Strive, Inc. has announced the upsizing and pricing of its initial public offering of 2,000,000 shares of Variable Rate Series A Perpetual Preferred Stock at a price of $80 per share, raising approximately $160 million in gross proceeds [1][2]. Offering Details - The offering includes an increase of 750,000 shares from the previously announced amount, with settlement scheduled for November 10, 2025 [1]. - The net proceeds will be used for general corporate purposes, including the acquisition of bitcoin, working capital, and share repurchases [2]. Dividend Structure - The SATA Stock will have a stated amount of $100 per share and will accumulate cumulative dividends at a variable rate, starting with an initial monthly dividend rate of 12.00% [3]. - Dividends will be payable monthly in arrears, beginning December 15, 2025, and can be adjusted by the company under certain conditions [3]. Dividend Reserve - At the closing of the offering, Strive plans to establish a dividend reserve equal to the first 12 months of dividend payments, amounting to $12.00 per share of SATA Stock [4]. Redemption Rights - Strive has the right to redeem the SATA Stock at a cash redemption price of $110 per share after the stock is listed on a major exchange, with certain conditions for redemption [5][6]. - Redemption can occur if the total number of outstanding shares falls below 25% of the original issuance or if specific tax events occur [6]. Liquidation Preference - The initial liquidation preference for the SATA Stock is set at $100 per share, with adjustments based on market conditions [8]. 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].