Strive Completes Upsized IPO of SATS Preferred Stock

DALLAS, Oct. 20, 2026 /CourierPR/ -- Strive, Inc., a structured finance company focused on disciplined capital allocation and long-term value creation, has successfully completed its upsized initial public offering (IPO) of 7,000,000 shares of 15.00% Series A Perpetual SATS Preferred Stock (SATS Stock) at a public offering price of $90 per share. The SATS Stock is expected to begin trading on the Nasdaq Global Market on or around October 20, 2026, under the ticker symbol “SATS.”

According to Matt Cole, Chairman and CEO of Strive, the successful upsized IPO of SATS marks a significant milestone in the company’s strategy to maximize long-term total returns for its common equity investors.

The SATS Stock accumulates cumulative dividends at a rate per annum equal to 15.00% on the stated amount of $100 per share. Regular dividends on the SATS Stock will be payable when, as and if declared by Strive’s board of directors, out of funds legally available for their payment, in arrears for each regular dividend period on each payment date to stockholders of record as of the close of business on the regular record date immediately preceding the applicable regular dividend payment date. Regular dividend dates will fall on each business day, beginning on November 9, 2026.

Jeff Walton, Chief Risk Officer, emphasized the transparency and manageability of the company’s credit risk.

Ben Werkman, Chief Investment Officer, highlighted the strategic importance of SATS in the company’s product offerings.

Strive Asset Management, LLC, a direct, wholly owned subsidiary of Strive and an SEC-registered investment adviser, manages over $2.8 billion in assets. The company’s commitment to transparency and long-term value creation is reflected in its adherence to the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 3b-6 promulgated thereunder. These regulations ensure that the company provides accurate and transparent information to its investors.

Strive’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and quarterly reports on Form 10-Q provide additional details on the company’s financial performance and strategic initiatives. The offering was conducted pursuant to the Form S-3 registration statement, and was made only by means of a prospectus supplement and an accompanying prospectus. An electronic copy of the final prospectus supplement, together with the accompanying prospectus, is available on the SEC’s website at www.sec.gov.