Form 8-K · Current Report · Filed 2024-07-30

Asset Entities Completes $1.5M Second Closing of Series A Convertible Preferred Stock Financing

On July 29, 2024, Asset Entities Inc. completed the second closing of its Series A Convertible Preferred Stock financing, raising an additional $1.5 million from Ionic Ventures, LLC. This brings the total gross proceeds from the Series A Preferred Stock sales to $3.0 million. The financing will provide the company with capital for general corporate purposes and potential acquisitions in the Discord and social media space.

Filer: Strive, Inc. ASST · NASDAQ
Filed: 2024-07-30
Accession: 0001013762-24-002269
CIK: 0001920406
Signal: Medium impactFinancial Services
Source: Official filing on sec.gov ↗

Items reported

Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure Press Release Furnished

Item 8.01

Other Events

Convertible Notes Offering Corporate Update

Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$28.60

Next session

+1.4%

Since filing

+1.5%

Latest close

$29.04

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from ASST reporting the same item, with the next session's move:

2024-07-29Asset Entities Regains Nasdaq Compliance-4.1%

2024-06-28Asset Entities Inc. Announces 1-for-5 Reverse Stock Split to Regain Nasdaq Compliance-12.5%

2024-06-25Asset Entities Inc. Completes Acquisition of TommyBoyTV, LLC Assets+1.1%

2024-06-20Asset Entities Inc. Announces Amendments to Securities Purchase Agreement and Preferred Stock Designation-5.0%

2024-05-28Asset Entities Inc. Announces Securities Purchase Agreement and Designation of Series A Convertible Preferred Stock+19.1%

Exhibits (2)

EX-4.1ea021024001ex4-1_asset.htm112 KB EX-99.1ea021024001ex99-1_asset.htm12 KB

About Strive, Inc.

Strive, Inc. is an asset management company specializing in Bitcoin treasury strategies and structured finance solutions. It operates as an institutional asset manager, emphasizing disciplined capital allocation to create long-term value through the accumulation and management of Bitcoin holdings. The company provides services focused on maximizing shareholder value via a Bitcoin-centric balance sheet approach, including treasury operations that prioritize increasing Bitcoin per share. Strive, Inc. serves institutional clients and shareholders interested in cryptocurrency-integrated asset management, offering exposure to Bitcoin as a core reserve asset. Its offerings extend to advocating and implementing innovative treasury policies that integrate digital assets into corporate finance. Founded in the United States, Strive, Inc. plays a distinctive role in the investment management sector by bridging traditional finance with Bitcoin adoption, enabling companies and investors to incorporate cryptocurrency into their financial frameworks.

Exchange NASDAQ Industry Asset Management Company website ↗

Never miss another ASST filing

Profitelligence watches EDGAR around the clock and alerts you within seconds.

Set up free alerts