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Asset Entities Announces S-4 Declared Effective by SEC and Shareholder Approval Vote for Merger with Strive to be Held on September 9, 2025
Prnewswireยท 2025-08-25 12:00
Core Viewpoint - Asset Entities Inc. has announced that its registration statement related to the proposed merger with Strive Enterprises, Inc. has been declared effective by the SEC, paving the way for a virtual special meeting to vote on the merger proposals [1][2][8]. Merger Details - The virtual special meeting for stockholders to vote on the merger will take place on September 9, 2025, with stockholders of record as of July 21, 2025, eligible to vote [2][4]. - The Asset Entities Board has unanimously determined that the merger agreement is in the best interests of the company and its stockholders [3]. - Over 40% of the voting stockholders have committed to vote in favor of the merger, with an additional 10% needed for approval [4]. Company Structure Post-Merger - Upon completion of the merger, the combined entity will be named Strive, Inc., continuing to trade under the ticker symbol "ASST" and will focus on becoming a public Bitcoin Treasury Company [5][6]. Financial Aspects - The company anticipates receiving over $750 million in gross proceeds from a private placement financing, with an additional $750 million available through warrants, totaling over $1.5 billion in potential gross proceeds [6]. - Before considering the PIPE Financing and Exchange, Strive stockholders are expected to own approximately 94.2% of the combined company, while Asset Entities stockholders will own about 5.8% [7]. Leadership - Matt Cole, the current CEO of Strive, will lead the combined company as CEO and Chairman, while Arshia Sarkhani, President and CEO of Asset Entities, will serve as CMO and be part of the board [7]. Strategic Vision - The merger is positioned as a transformative opportunity to build one of the largest Bitcoin Treasury Companies, with a focus on aggressive Bitcoin accumulation strategies [8][11].