SATA preferred stock

SATA preferred stock is a perpetual preferred security issued by Strive. On Oct 15 Strive priced 7 million shares at $90 each, below the $100 stated amount. Each share carries a $15 annual dividend, yielding a cash return of 16.7 % for initial investors. The offering is expected to raise $630 million before expenses, with settlement on Oct 20. Strive intends to use the proceeds to acquire Bitcoin, support its core business, buy income‑generating assets, or repurchase additional shares. In liquidation, holders have a preference of $100 per share, which cannot fall below $100. Preferred shareholders rank ahead of Strive’s common stock but behind existing SATA preferred stock, other preferred securities, and debt. The stated dividend is contractual; the market price can rise above or fall below the $100 value depending on investor demand, risk perception, and the company’s financial performance.}]} Strive uses its SATA preferred shares to raise capital for Bitcoin purchases The SATA preferred shares were trading at $99.40 Strive issues Strive’s SATA preferred stock Strive’s SATS perpetual preferred stock ranks junior to Strive’s SATA preferred stock· Graphiti 生成的实体摘要