Strive will raise 160 million dollars through preferred stock.

Strive's Major Stock Offering

Strive has increased its initial public offering for variable rate Series A preferred stock (Variable Rate Series A Preferred Stock - SATA) to 2 million shares. The price for each share has been set at 80 dollars, and a gross revenue of approximately 160 million dollars is expected to be generated.

SATA shares offer an annual 12% initial dividend. Following this development, ASST shares increased by 17% on Wednesday and rose another 8% in pre-market trading on Thursday, reaching 1.58 dollars.