Strive, Inc. (ASST) has entered into amended and restated sales agreements to sell, from time to time, up to $5.15 billion of its stock through "at the market" (ATM) offerings. The agreements, dated June 5, 2026, cover both its Class A common stock and its Series A perpetual preferred stock and allow the company to raise capital opportunistically.
Key Details
- Common Stock Offering (ASST): The company may offer and sell up to $2.55 billion of its Class A common stock through an amended sales agreement with a group of agents including Cantor Fitzgerald & Co. and Barclays Capital Inc.
- Preferred Stock Offering (SATA): A separate amended agreement allows for the offer and sale of up to $2.6 billion of its Variable Rate Series A Perpetual Preferred Stock.
- Increased Share Authorization: To facilitate the potential sales, the company filed an amendment to increase the number of authorized shares of its SATA preferred stock to 40,000,000.