Form 8-K · Current Report · Filed 2024-05-28
Asset Entities Inc. Announces Securities Purchase Agreement and Designation of Series A Convertible Preferred Stock
On May 24, 2024, Asset Entities Inc. entered into a securities purchase agreement for the issuance and sale of up to 330 shares of its newly designated Series A Convertible Preferred Stock, with gross proceeds of $3,000,000. The agreement includes registration rights for the Investor, detailed terms of the Series A Convertible Preferred Stock, and restrictions on further securities sales. The transaction is exempt from Securities Act registration requirements. The filing also addresses material modifications to security holder rights and updates on the company's financial status.
- Filer
- Strive, Inc. Class A Common Stock ASST · NASDAQ
- Filed
- Accession
- 0001213900-24-046775
- CIK
- 0001920406
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Unregistered Sales of Equity Securities
Material Modification to Rights of Security Holders
Amendments to Articles of Incorporation or Bylaws
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$45.00
Next session
+19.1%
Since filing
-35.5%
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:
Exhibits (4)
About Strive, Inc. Class A Common Stock
Strive, Inc. Class A Common Stock represents the publicly traded common equity of Strive, Inc., a financial services company focused on asset management and investment advisory services. Strive primarily serves investment vehicles through portfolio management and research-driven investment processes, with a business model centered on managing exchange-traded funds and related institutional investment solutions. The company’s operations are organized around asset management activities and corporate treasury functions, making the stock relevant to investors tracking both traditional fund management and digitally oriented balance-sheet strategies. Strive, Inc. is headquartered in Dallas, Texas, and its Class A common stock is used to reflect the market’s view of the company’s current business mix, client base, and role in the investment management sector.
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