TLDR:
- Strive upsizes SATA IPO to 2M shares, raising $160M for corporate growth.
- Initial annual dividend is 12%, payable monthly starting December 15, 2025.
- Compounded dividend rate rises 25 bps monthly if unpaid, capped at 20%.
- Redemption rights at $110 plus accrued dividends, with structured repurchase triggers.
Strive, Inc. has priced and upsized its initial public offering of Variable Rate Series A Perpetual Preferred Stock (SATA) to $80 per share. The offering now totals 2 million shares, an increase of 750,000 from initial projections, potentially raising $160 million.
The settlement is scheduled for November 10, 2025, subject to standard closing conditions. Investors will gain exposure to Strive’s corporate growth strategy, including bitcoin purchases, asset acquisitions, and potential stock buybacks.
Strive SATA IPO Details and Dividend Structure
The SATA stock will pay cumulative dividends at an initial annual rate of 12%, calculated on a $100 stated value per share.
Dividends will be paid monthly on the 15th, beginning December 15, 2025, if declared by Strive’s board. The dividend rate may be adjusted within defined limits, ensuring payments remain competitive relative to market rates and one-month term SOFR benchmarks.
Compounded dividends apply to unpaid amounts, starting at 12.25% per annum and increasing 25 basis points monthly, capped at 20%.
Strive intends to establish a dividend reserve at closing equal to the first 12 months of payments, approximately $12 per share. The company may also use IPO proceeds for working capital, capital expenditures, acquisitions, or repayment of debt.
This strategic allocation aligns with prior trends where Strive leveraged corporate offerings to expand digital asset exposure. Analysts note that using proceeds for bitcoin aligns with market momentum and investor appetite for hybrid corporate-crypto investment vehicles.
The preferred stock carries redemption rights at $110 per share plus accrued dividends. Redemption may occur after the stock lists on Nasdaq or NYSE exchanges, with certain conditions allowing clean-up or tax-triggered redemptions.
Fundamental changes in Strive’s business may also trigger repurchase rights for stockholders, calculated at the stated amount plus unpaid dividends. Sources indicate that Barclays and Cantor serve as joint book-running managers, with Clear Street as co-manager.
Market Implications and Investor Considerations
Strive’s upsize signals strong investor demand for high-dividend, corporate-backed crypto exposure. By combining perpetual preferred stock with a defined dividend and redemption structure, the company creates predictable income potential.
The IPO adds liquidity and transparency to Strive’s corporate strategy, which includes bitcoin acquisition and asset purchases. Market analysts view this as a calculated move to strengthen balance sheet flexibility while offering structured crypto-related investment.
Investors should monitor dividend adjustments, trading price stability, and redemption clauses closely. The stock is designed to maintain trading between $95 and $105 per share over the long term.
Compounded dividend provisions provide additional returns if distributions are delayed, incentivizing investor retention. The use of proceeds for potential acquisitions and Bitcoin purchases may influence broader market perception of Strive’s strategic positioning.
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Source: https://blockonomi.com/strive-upsizes-sata-ipo-to-160m-sets-12-dividend-rate/