Strive Upsizes Initial Public Offering of SATA Stock to $160 Million

Strive, Inc. has priced an upsized initial public offering of 2,000,000 shares of Variable Rate Series A Perpetual Preferred Stock (SATA Stock) at $80 per share, raising approximately $160 million. The company plans to use the net proceeds for general corporate purposes, including acquiring bitcoin and bitcoin-related products, working capital, and repurchasing shares of its Class A common stock. The SATA Stock will accumulate cumulative dividends at a variable rate and pay regular dividends monthly in arrears.