Strive proposes a $150 million registered follow‑on offering of Variable Rate Series A Perpetual Preferred Stock (SATA).
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.
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