Strive, Inc. Enters $1 Billion Sales Agreement for Preferred Stock

Strive, Inc. has taken a significant step in its growth strategy by entering a Controlled Equity Offering Sales Agreement to offer up to $1 billion in shares of its 15.00% Series A Perpetual SATS Preferred Stock. This agreement, announced on October 26, 2026, involves collaboration with several financial institutions, including Cantor Fitzgerald, Barclays, and others.

The ability to raise substantial capital through this offering could strengthen Strive’s financial position and support its ongoing operations and strategic initiatives. The agreement allows the company to sell shares at its discretion, providing flexibility in capital management.

Background

Strive, Inc. operates in the finance services sector, specifically under the SIC code 6199. The company is publicly traded on the Nasdaq under the tickers ASST, SATS, and SATA. Strive was previously known as Asset Entities Inc. before its name change in March 2022. The company is based in Dallas, Texas, and is categorized as an emerging growth company.

What the Filing Says

According to the SEC filing (accession number 0000950103-26-016138), the Sales Agreement allows Strive to sell shares of its SATS Stock through various agents, with a commission of up to 2% on the gross proceeds from sales. The filing states, "The Company has no obligation to sell any of the ATM Shares, and may at any time suspend the offering of ATM Shares under the Sales Agreement or terminate the Sales Agreement." This flexibility is crucial for managing market conditions and investor interest.

Impact

This agreement could significantly impact Strive's operations and financial health. The raised funds will likely be used for growth initiatives, potentially including investments in technology or expansion of services. Additionally, the involvement of well-known financial institutions as agents may enhance the credibility of the offering, attracting more investors.

What's Next

The filing does not specify what happens next, but it indicates that Strive will proceed with the offering as market conditions allow. The company is expected to file a prospectus supplement related to this offering, which will provide more detailed information to potential investors.