Strive sets $100 minimum sale price for future Series A preferred stock issuance
ASST•Strive amended its governing documents to prohibit issuing its Variable Rate Series A Perpetual Preferred Stock below $100 per share. It also revised its definition of “Business Day” to allow for potential weekend daily dividends, with no near-term change expected to the dividend cadence.
1. Issuance and dividends
Strive amended its governing documents to make its policy of not issuing SATA below $100 per share a binding restriction. The revised “Business Day” definition includes Saturdays and Sundays under certain market and settlement conditions, enabling potential weekend daily dividends; no near-term change to the dividend cadence is expected.
