Corporate ActionJun 8, 2026, 06:06 AM
Strive Authorizes $5.15B in At-The-Market Offerings
AI Summary
Strive, Inc. has authorized new "at the market" offerings totaling up to $5.15 billion. This includes up to $2.55 billion of Class A common stock and up to $2.6 billion of Variable Rate Series A Perpetual Preferred Stock (SATA Stock). The company also increased the number of authorized shares of its SATA Stock to 40,000,000 to facilitate these offerings, effective June 5 and June 15, 2026. These offerings will be conducted through various sales agents, including Cantor Fitzgerald & Co.
Key Highlights
- Authorized "at the market" offering of up to $2.55 billion in Class A common stock.
- Authorized "at the market" offering of up to $2.6 billion in Variable Rate Series A Perpetual Preferred Stock (SATA Stock).
- Total potential capital raise through ATM offerings is $5.15 billion.
- Increased authorized SATA Stock shares to 40,000,000.
- SATA Stock authorization effective June 5 and June 15, 2026.
- Offerings through agents including Cantor Fitzgerald & Co.
Price Impact
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