Strive Prices 7M Shares of Its 15.00% Series A Perpetual SATS Preferred Stock at $90 Each >ASST

On October 15, 2026, Strive, Inc. (Nasdaq: ASST) officially priced its upsized initial public offering of 7,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock at a public offering price of $90 per share. 

This offering represents a significant upsize of 2,000,000 shares from the 5 million shares originally planned when the transaction was announced on October 13. The capital raise is expected to bring in $630 million in gross proceeds before underwriting discounts and offering expenses. 

📊 Key Details of the SATS Offering

• Pricing & Size: 7 million shares priced at $90 each (offered at a discount to its $100 stated value). 
• Expected Settlement: The transaction is scheduled to close and settle on October 20, 2026. 
• Dividend Yield Structure: The shares accrue cumulative dividends at a fixed annual rate of 15.00% based on the $100 stated value ($15.00 per share annually). 
• Daily Distribution: Dividends are designed to be payable in arrears on each business day when declared by the Board, with payments commencing on November 9, 2026. 
• Dividend Reserve Safety Net: At closing, Strive will establish a dedicated dividend reserve account containing $22.50 per share, fully funding the first 18 months of continuous daily dividend payments via existing cash and securities. 
• Capital Seniority: SATS stock sits junior to Strive's existing variable-rate preferred stock (SATA) but remains senior to ASST common stock. 

🪙 Use of Proceeds: Expanding the Bitcoin Treasury

Strive explicitly intends to deploy the net proceeds primarily toward accelerating its Bitcoin treasury strategy. Specific use cases detailed by the company include: 

• Acquiring bitcoin and bitcoin-related products.
• Purchasing additional income-generating assets to scale operations.
• Funding working capital and capital expenditures.
• Executing potential opportunistic repurchases of its Class A common stock (ASST) or outstanding units of its existing SATA preferred stock. 

Following the pricing announcement, shares of common stock (ASST) saw positive momentum, moving higher in extended and early pre-market trading sessions.

ChatVIP

• Most people wait for the market to move. Smart investors build systems that move with it. See how it works for free for the next 7 days.