Strive Class A Shares Rose 3.93% Before SATS Pricing Announcement

Strive’s Class A common stock (Nasdaq: ASST) rose 3.93% on Oct. 15, closing at $25.65 before the company posted final terms for a preferred-stock offering expected to generate about $630 million in gross proceeds. Strive posted its pricing announcement at 10:06 p.m. ET Oct. 15 (02:06 UTC Oct. 16), six hours and six minutes after the 4 p.m. ET (20:00 UTC) regular-session close. The stock’s gain came before the offering’s final terms were public. Strive priced 7 million shares of its 15% Series A Perpetual SATS Preferred Stock at $90 each, estimating gross proceeds of about $630 million before underwriting discounts, commissions and expenses. The offering grew from an initial 5 million shares and is scheduled to settle Tuesday, Oct. 20, subject to closing conditions.

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