Strive Launches $1 Billion At-The-Market Program

MT Newswires Live10-26

Strive (ASST) said Monday it has signed an agreement under which it may issue and sell up to $1 billion worth of its 15% Series A perpetual SATS preferred stock.

Net proceeds from the at-the-market program will be used for general corporate purposes, including the acquisition of bitcoin and bitcoin-related products, working capital, and the purchase of income-generating assets, Strive said.

The company may also use the proceeds for capital expenditures and buybacks of its Class A common stock or variable rate Series A perpetual preferred stock.

Strive said it may also use the proceeds for acquisitions, to pay dividends, or to repay future debt.

Price: 27.13, Change: -1.84, Percent Change: -6.35

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