Corporate ActionJun 1, 2026, 08:03 AM
Strive to Boost ATM Program Sizes by $2.1B Each
AI Summary
Strive, Inc. announced its intention to refresh its at-the-market (ATM) programs for both its Class A common stock and Variable Rate Series A Perpetual Preferred Stock (SATA Stock). The company expects to increase the maximum aggregate offering size of each ATM program by $2.1 billion. This would result in a maximum aggregate offering size of $2.55 billion for the Class A common stock and $2.6 billion for the SATA Stock, pending regulatory filings. The filing also included standard risk factors, noting potential dilution from the issuance of additional shares.
Key Highlights
- Strive plans to increase the maximum aggregate offering size of its Class A common stock ATM program by $2.1 billion.
- The Variable Rate Series A Perpetual Preferred Stock (SATA Stock) ATM program will also increase by $2.1 billion.
- The Class A common stock ATM program's new maximum aggregate offering size will be $2,550,000,000.
- The SATA Stock ATM program's new maximum aggregate offering size will be $2,600,000,000.
- Amendments are subject to completion and filing of applicable documentation, including SEC prospectus amendments.
- The company highlighted potential dilution from the issuance of additional shares as a risk factor.
Price Impact
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