{
  "id": 14846791,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T02:12:40.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/strive-prices-630-million-preferred-stock-offering-at-90-93CH-4952964"
  },
  "original_language": "en",
  "account": null,
  "summary": "Strive, Inc. (NASDAQ:ASST) has priced its initial public offering of 7,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock at $90 per share, marking an increase from the previously announced amount. The offering, scheduled to settle on October 20, 2026, is estimated to generate gross proceeds of approximately $630 million before deducting underwriting discounts and commissions. The company intends to utilize the net proceeds for various purposes, including acquisitions, working capital, capital expenditures, and potential repurchases of its Class A common stock or Variable Rate Series A Perpetual Preferred Stock.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "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",
        "published": "2026-10-16T02:18:02.000Z"
      }
    ]
  },
  "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."
}