Strive Expects Fundraising to Support SATS Dividends After Reserve

Strive, Inc. priced seven million shares of its 15% Series A Perpetual SATS Preferred Stock at $90 each on Thursday, Oct. 15, targeting $630 million in gross proceeds. The offering is larger than Strive’s earlier five-million-share plan, and settlement is scheduled for Tuesday, Oct. 20, subject to customary closing conditions. The 15% dividend rate applies to a $100 stated amount, or $15 per share annually. At the $90 offering price, that equals an indicated annual yield of 16.67% if the full dividend is declared and paid.

Source: TokenPost