Strive files $1.0 billion at-the-market program for its 15.00% SATS preferred stock
Strive entered a sales agreement with seven agents that lets it sell up to $1.0 billion of its 15.00% Series A Perpetual SATS Preferred Stock over time through an at-the-market offering. The company has no obligation to sell any shares and may suspend or end the program at any time, and it says proceeds may go toward bitcoin purchases, acquisitions, dividends, buybacks or debt repayment, among other uses. Shareholders may face dilution if shares are sold under the program.
Key points
- Sales agreement dated October 26, 2026 with seven agents, including Cantor Fitzgerald & Co. and Barclays Capital Inc.
- Aggregate sales price of up to $1,000,000,000 under the ATM Offering, with agent commissions of up to 2.0% of gross proceeds.
- Shares are issued under a prospectus supplement filed October 26, 2026 on an existing Form S-3 (File No. 333-290252) effective September 15, 2025.
- Strive has no obligation to sell any shares and may suspend or terminate the offering at any time.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 26, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.