SATA terms, all versions
Terms are never edited in place. When a filing changes them, the previous version is closed and a new one starts, so each version below shows the dates it applied and the document it was taken from.
Current
13 Oct 2026 to present · 424B5, 7 Nov 2025 ↗ · awaiting review| Issuer | Strive, Inc. |
|---|---|
| Security | Variable Rate Series A Perpetual Preferred Stock |
| Stated amount (par) | $100.00 per share |
| Dividend rate | Variable; 13.00% currently declared. Issuer may adjust the monthly rate at its sole discretion with notice before the period starts. Cuts limited to 25bp plus the decline in monthly SOFR over the prior period, may not go below monthly SOFR, and are only allowed if all accumulated dividends are paid and the prior period's average price is >= $99 (and, for the first 3 months, a 20-day average above $100). |
| Cumulative | Yes |
| Payment frequency | Each business day |
| Ranking | Senior to SATS, common stock |
| Liquidation preference | Initially $100; adjusts per greatest-of rule (stated amount / last sale if recent issuance / 10-day average) but floored at $100 and capped at $110. |
| Redemption | Optional redemption of all or part at $110 (or higher at issuer's discretion) plus accumulated dividends, any time after listing; partial only if >= $50m stated amount stays outstanding. Also clean-up (<25%) and tax redemptions at liquidation preference. |
| Conversion | None |
| Target trading range | $99–$101 |
| Listing | Nasdaq, USD, listed 10 Nov 2025 |
| Notes | A&R CoD (filed 2026-05-13, effective 2026-06-15) moved payments from monthly to each business day, with rate still set per monthly period. 2026-10-13 amendment: binding $100 minimum sale price for new SATA issuance; 'Business Day' redefined to allow weekend payments if Fed/Nasdaq/DTC permit. Unpaid dividends: Unpaid amounts compound monthly from the Monthly Dividend Compliance Date at regular rate +25bp, rising 25bp/month, max 20%. Holders may require repurchase on a 'Fundamental Change' at stated amount plus accumulated and unpaid dividends. Changed from $95-$105 to $99-$101 on 2026-03-11 (issuer intention, not a contractual term). Issuer will not sell SATA below $100 (policy 2026-03-11; binding CoD restriction since 2026-10-13 amendment). |