Strive Announces Up to $1 Billion Series A Preferred Stock Offering
Strive (ASST) has announced an at-the-market offering of up to $1.0 billion in 15.00% series A perpetual SATS preferred stock. The company intends to use the net proceeds from this capital raise for general corporate purposes. Following the announcement, Strive's shares experienced downward pressure, trading 4.18% lower at $27.76 during pre-market sessions. This move reflects typical market reactions to potential equity dilution associated with large-scale preferred stock offerings.
Tickers: $ASST
Topics: At-the-market offering Capital Raising Preferred Stock
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