Form 8-K · Current Report · Filed 2024-09-23
Asset Entities Inc. and Ionic Ventures, LLC Enter Waiver and Consent Agreement
On September 20, 2024, Asset Entities Inc.
- Filer
- Strive, Inc. ASST · NASDAQ
- Filed
- Accession
- 0001213900-24-080810
- CIK
- 0001920406
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Details
(the 'Company') entered into a Waiver and Consent (the 'Ionic ATM Waiver') with Ionic Ventures, LLC, the sole holder of the Company's Series A Convertible Preferred Stock. The Waiver and Consent permits the Company to proceed with an at-the-market offering of up to $5 million of equity securities, waiving any restrictions that would otherwise apply under existing agreements and certificates of designation. The agreement allows the Company to enter into any related agreements, file necessary documents, and issue securities in connection with the offering.
Items reported
Entry into a Material Definitive Agreement
Financial Statements and Exhibits
Market reaction
Close before filing
$28.20
Next session
+5.7%
Since filing
+3.0%
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:
Exhibits (1)
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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