Strive Seeks $500M Through Preferred Stock With 15% Payout
Strive, Inc. disclosed plans to raise $500 million by offering 5 million shares of 15.00% Series A Perpetual SATS Preferred Stock at a stated amount of $100 per share. The company intends to reserve about $112.5 million, or 18 months of dividends, and may use proceeds for bitcoin purchases, working capital, acquisitions, and other corporate purposes. The offering has not been priced and no closing date has been set.
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