Full Press Release Details
Supplemental Business Disclosures Regarding
On December 9, 2025, Strive, Inc., or Strive,
announced that on December 3, 2025, Strive entered into a letter agreement with Vivek Ramaswamy pursuant to which, subject to certain
conditions, the board of directors of Strive may elect to cause the conversion of Strive's Class B common stock, $0.001 par value
per share, into shares of Strive's Class A common stock, $0.001 par value per share.
Also on December 9, 2025, Strive
announced its entry into a Controlled Equity OfferingSM Sales Agreement, or the Sales Agreement, with each of Cantor
Fitzgerald & Co., Barclays Capital Inc. and Clear Street LLC, or the Agents, pursuant to which Strive from time to time, at its option,
may offer and sell shares of its Variable Rate Series A Perpetual Preferred Stock, $0.001 par value per share, or SATA Stock, to or through
the Cantor Fitzgerald & Co., acting as principal and/or the sole designated sales agent, having an aggregate sales price of up to
On December 9, 2025, Strive filed a Certificate
of Amendment to the Certificate of Designation relating to the SATA Stock to certify the authorization to increase the number of authorized
shares of its SATA Stock to 20,000,000 shares.
On November 17, 2025, Strive announced that, as
contemplated by the prospectus supplement for the initial public offering of SATA Stock, its board of directors declared a cash dividend
of $1.1333 per share payable on the SATA Stock. The calculation of the monthly dividend takes into account the dividend accrued from November
10, 2025, the issuance date of the SATA Stock. Payment will be made on December 15, 2025 to stockholders of record of the SATA Stock at
the close of business on December 1, 2025.