SATS 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
20 Oct 2026 to present · 8-K, 20 Oct 2026 ↗ · awaiting review| Issuer | Strive, Inc. |
|---|---|
| Security | 15.00% Series A Perpetual SATS Preferred Stock |
| Stated amount (par) | $100.00 per share |
| Dividend rate | 15.00% a year, fixed |
| Cumulative | Yes |
| Payment frequency | Each business day |
| Ranking | Junior to SATA; senior to common stock |
| Liquidation preference | Initially $100; adjusted each business day to the greatest of (i) stated amount, (ii) prior-day last reported sale price if the issuer sold shares in the prior 10 trading days, (iii) 10-trading-day average last reported sale price. |
| Redemption | Clean-up (<25% of all SATS ever issued outstanding) and tax redemptions only, at liquidation preference plus accumulated dividends. No general optional call. |
| Conversion | None |
| Listing | Nasdaq, USD, listed 20 Oct 2026 |
| Notes | Holders may require repurchase on a 'Fundamental Change' at stated amount plus accumulated and unpaid dividends. |