Strive Files $150 Million SATA Offering to Fund Bitcoin Purchases

CN
4 hours ago

Strive, Inc. (Nasdaq: SATA) announced in Dallas on January 21, 2026 that, subject to market conditions, it intends a $150 million follow‑on offering of SATA Stock, with net proceeds to finance redemption or repurchase of Semler Scientific’s 4.25% Convertible Senior Notes due 2030, acquire bitcoin and bitcoin‑related products, and for working capital and general corporate purposes.

The SATA Stock pays monthly cash dividends (initially 12.25% per annum on the $100 stated amount) with variable adjustment rights and compound penalties for unpaid dividends, includes redemption and fundamental‑change repurchase provisions, and Strive may reduce the offering size via negotiated exchanges of Semler Convertible Notes for SATA Stock; offering terms remain subject to market, investor qualification and applicable securities laws.

Read More: Strive Closes Semler Acquisition, Expands Treasury to 12,798 Bitcoin

What size offering did Strive announce and when? Strive announced a proposed $150 million follow‑on offering on January 21, 2026 in Dallas.
What will the offering proceeds be used for? Proceeds will target Semler Convertible Notes repayment, bitcoin acquisitions, and general corporate and working‑capital purposes.
What dividend rate and payment terms apply to SATA Stock? SATA Stock accrues monthly cash dividends at a variable rate, initially 12.25% per annum, payable monthly beginning February 15, 2026.
Are there redemption or exchange mechanics tied to the offering? Strive may redeem SATA Stock under specified conditions and is negotiating note‑for‑stock exchanges that could reduce the offering size, subject to separate exemptions and approvals.

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