Strive: SATS Preferred Stock IPO Size Increased to 7 Million Shares, Expected to Raise $630 Million

Bitcoin treasury firm Strive has expanded the size of its SATS 15% Series A Perpetual Preferred Stock IPO by 2 million shares to 7 million total shares, with a public offering price of $90 per share. Subject to customary closing conditions, the issuance and sale of SATS shares is expected to close on October 20, 2026. Strive estimates that the total gross proceeds from this offering, before underwriting discounts, commissions and estimated offering expenses, will be approximately $630 million.

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