BlokchainB

Strive (NASDAQ: SATA) priced an upsized public offering of 1.32 million shares of Series A Perpetual Preferred Stock at $90 per share on Thursday.

The asset management bitcoin treasury company increased the deal size from a previously announced $150 million target to an issuance of 2.25 million shares.

The transaction aims to streamline the corporate balance sheet by retiring convertible debt.

Strive intends to use the net proceeds to redeem outstanding 4.25% convertible senior notes due 2030 issued by its subsidiary, Semler Scientific, and to repay borrowings under a loan with Coinbase Credit.

Stacker_Stocks

> Strive (NASDAQ: SATA) priced an upsized public offering of 1.32 million shares of Series A Perpetual Preferred Stock at $90 per share on Thursday. 
>
> The asset management bitcoin treasury company increased the deal size from a previously announced $150 million target to an issuance of 2.25 million shares.
>
> The transaction aims to streamline the corporate balance sheet by retiring convertible debt. 
>
> Strive intends to use the net proceeds to redeem outstanding 4.25% convertible senior notes due 2030 issued by its subsidiary, Semler Scientific, and to repay borrowings under a loan with Coinbase Credit.
>
> [**...read more at blockspace.media**](https://blockspace.media/insight/strive-prices-upsized-preferred-stock-offering-at-90-to-retire-debt-and-buy-bitcoin/)