Form 8-K/A · Current Report · Filed 2024-04-17
Asset Entities Inc. Announces Sale of 621,590 Shares to Triton Funds LP
On April 10, 2024, Asset Entities Inc. completed the sale of 621,590 shares of its Class B Common Stock to Triton Funds LP at $0.34 per share, resulting in gross proceeds of $211,341. The transaction was exempt from Securities Act registration requirements, relying on Section 4(a)(2) and Rule 506(b) of Regulation D. Additionally, the company paid Boustead Securities, LLC a placement agent compensation of $16,907 and issued a warrant for 43,511 shares.
- Filer
- Strive, Inc. ASST · NASDAQ
- Filed
- Accession
- 0001213900-24-033814
- CIK
- 0001920406
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Unregistered Sales of Equity Securities
Market reaction
Close before filing
$41.50
Next session
-2.9%
Since filing
-30.0%
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:
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.
Never miss another ASST filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.