{
  "id": 14846788,
  "title": "Strive prices upsized IPO of preferred stock at $90 per share",
  "url": "https://urgent.news/2026/10/16/strive-prices-upsized-ipo-of-preferred-stock-at-90-per-share",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T02:18:02.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/strive-prices-upsized-ipo-of-preferred-stock-at-90-per-share-432SI-4952961"
  },
  "original_language": "en",
  "account": null,
  "summary": "Strive, Inc. (ASST) has successfully priced its IPO of 7,000,000 shares of 15.00% Series A Perpetual Preferred Stock, also known as SATS Stock, at $90 per share on October 15, 2026. The offering was expanded by 2,000,000 shares beyond the originally announced amount, with an estimated gross proceeds of $630 million before fees. The company plans to utilize the net proceeds for various purposes, including investments in bitcoin and bitcoin-related products, working capital, income-generating assets, capital expenditures, and potential repurchases of Class A common stock. The SATS Stock will accrue cumulative dividends at 15.00% per annum on a stated $100 per share, with regular dividend payments beginning on November 9, 2026. Barclays and Cantor are serving as the joint book-running managers, while Clear Street acts as the lead manager. The offering is under an effective shelf registration statement with the Securities and Exchange Commission, and Strive's subsidiary manages over $2.8 billion in assets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Strive prices $630 million preferred stock offering at $90",
        "url": "https://urgent.news/2026/10/16/strive-prices-630-million-preferred-stock-offering-at-90",
        "published": "2026-10-16T02:12:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}