Form 8-K · Current Report · Filed 2024-06-20
Asset Entities Inc. Announces Amendments to Securities Purchase Agreement and Preferred Stock Designation
On June 13, 2024, Asset Entities Inc. amended its securities purchase agreement to include a provision for a reverse stock split if the Class B Common Stock price remains below $0.0855 for ten consecutive trading days. Additionally, on June 14, 2024, the Company amended the Certificate of Designation of its Series A Convertible Preferred Stock to set a permanent Floor Price of $0.0855 and removed a requirement for filing a definitive information statement. The holder of the Series A Preferred Stock approved these amendments by written consent on June 13, 2024.
- Filer
- Strive, Inc. ASST · NASDAQ
- Filed
- Accession
- 0001213900-24-053980
- CIK
- 0001920406
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Material Modification to Rights of Security Holders
Submission of Matters to a Vote of Security Holders
Financial Statements and Exhibits
Market reaction
Close before filing
$40.00
Next session
-5.0%
Since filing
-27.4%
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 (2)
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.
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