Strive closes upsized SATA offering, retires majority of Semler debt

Core Viewpoint - Strive has successfully closed an upsized follow-on offering of its preferred stock, raising a total of $225 million, which includes a significant debt reduction from its acquisition of Semler Scientific [1][2]. Group 1: Financial Actions - Strive increased its fundraising target from $150 million to $225 million, which includes a $90 million note exchange that involved issuing 930,000 shares of SATA to eliminate $90 million of a $100 million convertible note due in 2030 [1][2]. - The company sold 1,320,000 shares of SATA at $90 per share, generating $118.8 million in proceeds [2]. - Strive has retired $110 million of the $120 million debt inherited from Semler Scientific, with plans to eliminate the remaining $10 million by April 2026 [3]. Group 2: Asset Management - Following the retirement of the Coinbase loan, Strive's Bitcoin holdings are now fully unencumbered [2]. - With the proceeds from the fundraising, Strive acquired 333.89 Bitcoin at an average price of $89,851, increasing its total Bitcoin holdings to 13,131.82 [3]. Group 3: Market Performance - At the time of publishing, Strive's stock was down 3.15% after market open [3].