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.