Strive, Inc. Prices $118.8M Preferred Stock Offering with 12.25% Dividend for Debt Refinancing
ASST has more than doubled off its 52-week low of $0.387.
Summary
Strive, Inc. priced a $118.8 million offering of variable rate perpetual preferred stock at $90 per share, featuring a 12.25% dividend, with proceeds earmarked for debt refinancing and bitcoin acquisition.
Key Events · Financing and Capital Events · ASST
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Preferred Stock Offering Priced
Strive, Inc. priced an offering of 1,320,000 shares of Variable Rate Series A Perpetual Preferred Stock at $90 per share, generating approximately $118.8 million in gross proceeds.
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High Variable Dividend Rate
The preferred stock carries a cumulative variable dividend rate, initially set at 12.25% per annum, payable monthly.
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Use of Proceeds
Net proceeds will primarily finance the redemption or repayment of Semler Convertible Notes and borrowings under a master loan agreement with Coinbase Credit Inc., acquire bitcoin, and for general corporate purposes.
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Related Debt-for-Equity Exchange
The company also expects to exchange $90 million of Semler Convertible Notes for approximately 930,000 newly issued shares of the same preferred stock in privately negotiated transactions.
Analysis · ASST · Crypto Assets
Strive, Inc. has priced a substantial offering of variable rate perpetual preferred stock, raising approximately $118.8 million. This capital raise, combined with a related debt-for-equity exchange, represents a significant increase in the company's preferred equity, which ranks senior to common stock for dividends and liquidation. While the proceeds will be used to refinance existing debt and acquire bitcoin, the high 12.25% variable dividend rate on the preferred stock indicates a substantial cost of capital. This move addresses immediate financing needs and debt obligations but introduces a considerable financial obligation that will impact future earnings available to common shareholders.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ASST was trading at $0.89 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $800.6M. The 52-week trading range was $0.39 to $13.42. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.