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Form 8-K · Current Report · Filed 2024-08-15

Asset Entities Inc. Maintains Nasdaq Listing with Stockholders' Equity Update

Asset Entities Inc. reported a stockholders' equity of $2,097,090 as of June 30, 2024. The company completed the Second Closing for the issuance and sale of 165 shares of Series A Convertible Preferred Stock to Ionic Ventures, LLC for gross proceeds of $1,500,000 on July 29, 2024. This transaction brought the company's total stockholders' equity to a minimum of $2,500,000, ensuring compliance with Nasdaq Capital Market listing requirements as of August 14, 2024.

Filer
Strive, Inc. Class A Common Stock ASST · NASDAQ
Filed
Accession
0001213900-24-069785
CIK
0001920406
Signal
Medium impactFinancial Services

Items reported

Item 8.01

Other Events

Stock Split Convertible Notes Offering

Market reaction

Close before filing

$18.68

Next session

+4.5%

Since filing

+55.5%

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:

Asset Entities Inc. Enters into Master Agreement with Live Nation Entertainment, Inc.-9.8%
Asset Entities Completes $1.5M Second Closing of Series A Convertible Preferred Stock Financing+1.4%
Asset Entities Regains Nasdaq Compliance-4.1%
Asset Entities Inc. Completes Acquisition of TommyBoyTV, LLC Assets+1.1%
Asset Entities Inc. Announces Securities Purchase Agreement and Designation of Series A Convertible Preferred Stock+19.1%

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.

Exchange NASDAQ Industry Asset Management Company website ↗

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