India, Oct. 16 -- Strive, Inc. (ASST), an investment management company, on Thursday announced that it had priced an upsized initial public offering of 7 million shares of its 15% Series A Perpetual SATS Preferred Stock at $90 per share.
The issuance and sale of the shares are scheduled to settle on October 20.
The company said the offering was increased by 2 million shares from the previously announced amount.
The offering is expected to generate gross proceeds of approximately $630 million.
The company intends to use the net proceeds for general corporate purposes, including purchasing bitcoin and bitcoin-related products.
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The proceeds may also be u...