Strive, Inc. announced on October 26, 2026, the entry into a sales agreement with several financial institutions to sell its preferred stock in an at-the-market (ATM) program. The company has agreed to sell shares of its 15.00% Series A Perpetual SATS Preferred Stock, with a par value of $0.001 per share, through a syndicate of agents. The agents include Cantor Fitzgerald & Co., Barclays Capital Inc., Clear Street LLC, StoneX Financial Inc., B. Riley Securities, Inc., Maxim Group LLC, and H.C. Wainwright & Co., LLC.
Under the terms of the agreement, the maximum aggregate offering price for the SATS Stock is $1,000,000,000. The agents will use commercially reasonable efforts to sell the shares based on the Company’s instructions. The offering is expected to be conducted as an at-the-market offering as defined under Rule 415 of the Securities Act of 1933. The agents will receive a commission of up to 2.0% of the aggregate gross proceeds from each sale of the SATS Stock.
The company intends to use the net proceeds from this offering for general corporate purposes. These purposes include the acquisition of bitcoin and bitcoin-related products, working capital, the purchase of income-generating assets to grow the business, other capital expenditures, and the repurchase of shares of the Company’s Class A Common Stock or Variable Rate Series A Perpetual Preferred Stock. Proceeds may also be used for funding acquisitions of businesses or technologies, paying cash dividends on preferred stock, or repaying future indebtedness.
The sales are to be made pursuant to a prospectus supplement filed with the Securities and Exchange Commission on October 26, 2026. This supplement is part of an existing automatic shelf registration statement on Form S-3 (File No. 333-290252) that became effective on September 15, 2025. Strive Asset Management, LLC, a wholly owned subsidiary of Strive and an SEC-registered investment adviser, manages over $2.8 billion in assets.
