Form 8-K · Current Report · Filed 2024-06-28
Asset Entities Inc. Announces 1-for-5 Reverse Stock Split to Regain Nasdaq Compliance
On June 27, 2024, Asset Entities Inc. announced a 1-for-5 reverse stock split to comply with Nasdaq's minimum bid price requirement. The reverse stock split will become effective on July 1, 2024, and the company's Class B Common Stock will begin trading on a split-adjusted basis on July 2, 2024, under the existing trading symbol 'ASST'. The split does not require stockholder approval and will reduce the number of authorized shares from 200,000,000 to 40,000,000. A press release was issued on June 28, 2024.
- Filer
- Strive, Inc. Class A Common Stock ASST · NASDAQ
- Filed
- Accession
- 0001213900-24-056845
- CIK
- 0001920406
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Material Modification to Rights of Security Holders
Amendments to Articles of Incorporation or Bylaws
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$36.80
Next session
-12.5%
Since filing
-21.1%
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. 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.
Never miss another ASST filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.