Strive Closes Upsized $630M IPO Of 15% Series A Perpetual SATS Preferred Stock At $90/Share; Shares Expected To Begin Trading On Nasdaq Global Market Around October 20, 2026, Under Ticker 'SATS'

Strive, Inc. has successfully closed its upsized initial public offering of 7,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock at a price of $90 per share, totaling $630 million. The SATS Stock is set to begin trading on the Nasdaq Global Market under the ticker 'SATS' around October 20, 2026. The SATS Stock will accumulate cumulative dividends at a rate of 15.00% per annum, with the first scheduled regular dividend expected to be paid on November 9, 2026, if declared in full.