Stock Market Wrap: Biggest Movers on Wednesday

Stock futures exhibited mixed performance ahead of pivotal inflation data releases on Wednesday. Biggest stock movers include Asset Entities (ASST) +140%, which more than doubled after shareholders approved its merger.

Stock futures exhibited mixed performance ahead of pivotal inflation data releases on Wednesday. However, one notable exception was Asset Entities Inc. (ASST), which more than doubled after shareholders approved its merger with Strive Enterprises, Inc. The stock surged by 140% on Tuesday, driven by the positive vote from shareholders.

The merger, which was approved by a strong majority of Asset Entities' shareholders, follows the approval of Strive stockholders on September 4, 2025. Upon completion, the combined entity will be renamed Strive, Inc. while continuing to trade on Nasdaq under the ASST ticker symbol. Matt Cole will lead the merged entity as Chief Executive Officer and Chairman, while current Asset Entities CEO Arshia Sarkhani will transition to Chief Marketing Officer and retain a board position Asset Entities stock soars after shareholders approve Strive merger^[1].

The merger's closing remains contingent on Nasdaq's clearance of the company's listing application. Concurrent with the closing, the company expects to finalize a private placement financing anticipated to generate over $750 million in gross proceeds. An additional $750 million could potentially be available through the exercise of warrants issued in the PIPE, bringing potential total proceeds to more than $1.5 billion Asset Entities shareholders approve merger with Strive ...^[2].

The combined entity plans to operate with a zero-debt profile and focus on Bitcoin treasury management strategies designed to outperform Bitcoin itself over time, according to company statements. This merger aims to create a company focused on Bitcoin treasury strategies, marking a significant step in the integration of Asset Entities and Strive Enterprises Asset Entities stock soars after shareholders approve Strive merger^[1].

The approval of the merger by Asset Entities shareholders is a defining moment in the company's mission to build a world-class Bitcoin Treasury Company. The merger reflects the strategic efforts of Asset Entities to expand and integrate with Strive Enterprises, a financial services firm focused on "unapologetic capitalism" Asset Entities shareholders approve merger with Strive ...^[2].

The recent approval by the U.S. Securities and Exchange Commission of Asset Entities' registration statement concerning the merger further solidifies the company's progress. A virtual special meeting of stockholders is scheduled for September 9, 2025, where shareholders will have the opportunity to vote on four proposals related to the merger Asset Entities shareholders approve merger with Strive ...^[2].

Investors and stakeholders are closely monitoring these developments as they unfold. The merger is a significant event for Asset Entities, reflecting its strategic efforts to expand and integrate with Strive Enterprises.

References:
Asset Entities stock soars after shareholders approve Strive merger^[1] https://in.investing.com/news/stock-market-news/asset-entities-stock-soars-after-shareholders-approve-strive-merger-93CH-4999402
Asset Entities shareholders approve merger with Strive ...^[2] https://www.investing.com/news/company-news/asset-entities-shareholders-approve-merger-with-strive-enterprises-93CH-4232208