Strive, Inc. Announces $150 Million Follow-On Preferred Stock Offering, Shares Decline
Strive, Inc. reported a planned $150 million follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, resulting in a 2.7% drop in its stock price during after-hours trading. The proceeds are intended to fund the redemption of convertible notes, repay borrowings, and support bitcoin asset acquisition and corporate activities.