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News  ›  Benzinga

Strive Announces Nasdaq Listing of SATA and Closing of Oversubscribed & Upsized IPO

Benzinga Logo Benzinga By Globe Newswire
Strive Announces Nasdaq Listing of SATA and Closing of Oversubscribed & Upsized IPO

Strive Inc. successfully completed an initial public offering of 2 million shares of Variable Rate Series A Perpetual Preferred Stock (SATA) at $80 per share, despite Bitcoin market volatility. The company aims to use the proceeds to expand its Bitcoin treasury and create value for shareholders.

Insights
AMBP   positive

Achieved overwhelming consent from noteholders, indicating effective financial management and clear communication of transaction benefits


ASST   positive

Successfully raised capital through oversubscribed IPO, expanded Bitcoin holdings to 7,525 Bitcoin, and demonstrated strategic financial planning with innovative preferred stock offering