Strive closes upsized IPO of 7,000,000 SATS preferred shares at $90 each
SATS•Strive closed its upsized IPO of 7,000,000 shares of 15% Series A Perpetual SATS Preferred Stock at $90 per share. Trading under the ticker SATS is expected to begin around October 20, 2026.
1. IPO details
The offering comprised 7,000,000 shares at $90 each. Cumulative dividends accrue at 15% annually on a $100 stated amount, with daily payments set to begin November 9, 2026, subject to board declaration.
