Form 8-K · Current Report · Filed 2024-09-27
Asset Entities Inc. Waives Certain Rights with Boustead Securities, LLC
On September 26, 2024, Asset Entities Inc.
- Filer
- Strive, Inc. ASST · NASDAQ
- Filed
- Accession
- 0001213900-24-082392
- CIK
- 0001920406
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Details
entered into a Limited Waiver and Consent with Boustead Securities, LLC. This waiver allows Asset Entities Inc. to proceed with an 'at the market offering' of up to $5 million, waiving certain conditions and rights previously stipulated under a 2021 Engagement Letter and a 2023 Underwriting Agreement. In return, Asset Entities Inc. will pay Boustead 3.0% of the gross sales price of shares sold in connection with this offering.
Items reported
Entry into a Material Definitive Agreement
Financial Statements and Exhibits
Market reaction
Close before filing
$28.20
Next session
-7.8%
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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