STOCK TITAN

Strive to lift board size limit effective Dec. 31, 2025

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Strive, Inc. (ASST) approved corporate governance changes tied to its Agreement and Plan of Merger with Semler Scientific, Inc. The Board and a majority of stockholders, by written consent on October 8, 2025, approved amendments to the Amended and Restated Articles of Incorporation and Amended and Restated Bylaws to remove the maximum number of directors on the Board, effective December 31, 2025.

Prior to these amendments, the governing documents capped the Board at 11 directors. The company filed a Certificate of Amendment dated October 8, 2025, and a Certificate of Correction dated October 13, 2025. The amended bylaws become effective December 31, 2025. Full texts are included as Exhibits 3.1 and 3.2.

Positive

  • None.

Negative

  • None.

Insights

Governance tweak aligns board structure with pending merger; neutral.

Strive, Inc. removed the prior 11‑director maximum from its articles and bylaws, aligning governance with potential board needs tied to the Semler Scientific merger. The change was approved by the board and by majority stockholder written consent on October 8, 2025, becoming effective on December 31, 2025.

This action increases flexibility for board sizing and integration decisions without specifying future composition. There is no financial consideration in this step.

The effective date provides a clear milestone; subsequent filings may detail the post‑merger board slate and committee structure, if applicable.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 8, 2025

 

STRIVE, INC.
(Exact name of Company as specified in its charter)

 

Nevada   001-41612   88-1293236
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

200 Crescent Ct, Suite 1400, Dallas, TX   75201
(Address of principal executive offices)   (Zip Code)

 

(855) 427-7360
(Company’s telephone number, including area code)

 

 
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock, $0.001 par value per share   ASST   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the Company is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging Growth Company

 

If an emerging growth company, indicate by check mark if the Company has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

Item 5.03.Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

In connection with the transactions contemplated by that certain Agreement and Plan of Merger, dated September 22, 2025, between Strive, Inc. (the “Company”) and Semler Scientific, Inc., the Board of Directors of the Company (the “Board of Directors”) approved certain amendments to the Amended and Restated Articles of Incorporation of the Company (the “Amended and Restated Articles of Incorporation”) and the Company’s Amended and Restated Bylaws (the “Amended and Restated Bylaws”) to remove the maximum number of directors comprising the Board of Directors, effective as of December 31, 2025.

 

A majority of the stockholders of the Company, by written consent dated October 8, 2025, approved a Certificate of Amendment (as amended, the “Certificate of Amendment”) to the Amended and Restated Articles of Incorporation of the Company, to remove the maximum number of directors comprising the Board of Directors, effective as of December 31, 2025.

 

Prior to these amendments, the Amended and Restated Articles of Incorporation and Amended and Restated Bylaws each provided that the maximum number of directors on the Board of Directors shall be 11 directors.

 

The foregoing summaries of the Certificate of Amendment and the Amended and Restated Bylaws do not purport to be complete and are qualified in their entirety by reference to the complete texts of such documents, which are filed as Exhibit 3.1 and Exhibit 3.2, respectively, and incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
3.1   Certificate of Amendment, dated October 8, 2025, and Certificate of Correction, dated October 13, 2025, to the Amended and Restated Articles of Incorporation of Strive, Inc., as filed with the Secretary of State of the State of Nevada
3.2   Amended and Restated Bylaws of Strive, Inc. (effective December 31, 2025)
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: October 14, 2025 Strive, Inc.
   
  /s/ Matthew Cole
  Name: Matthew Cole
  Title: Chief Executive Officer

 

FAQ

What governance change did Strive (ASST) make?

Strive removed the maximum number of directors from its Articles and Bylaws, allowing the Board size to be set without a fixed cap.

When do the changes to Strive’s Board size take effect?

The amendments are effective on December 31, 2025.

What was Strive’s prior Board limit?

The governing documents previously capped the Board at 11 directors.

Why were these changes made by Strive (ASST)?

They were approved in connection with the transactions contemplated by the merger agreement with Semler Scientific, Inc. dated September 22, 2025.

How were the amendments approved?

A majority of stockholders approved by written consent on October 8, 2025, and the Board authorized the changes.

Where can investors read the full documents?

The Certificate of Amendment and Amended and Restated Bylaws are filed as Exhibits 3.1 and 3.2.
Strive

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