Here are the 8-K filings from Strive, Inc. Variable Rate Series A Perpetual Preferred Stock (SATA) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An 8-K covers material events a company has to report between its quarterly reports, so if you follow SATA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SATA filings page.
Strive, Inc. is issuing 1,320,000 shares of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) at $90 per share in an underwritten offering. The company expects gross proceeds of approximately $118.8 million before fees and expenses.
Strive plans to use the net proceeds, together with cash on hand and potentially cash from terminating capped call transactions, primarily to redeem, repurchase or otherwise repay all or part of Semler Scientific’s 4.250% Convertible Senior Notes due 2030 and its borrowings under a master loan agreement with Coinbase Credit Inc., and to pay accrued interest. Additional uses include acquiring bitcoin and bitcoin-related products and funding working capital and general corporate purposes.
Separately, Strive announced it expects to enter privately negotiated exchange agreements with certain holders of the Semler Convertible Notes, under which $90 million aggregate principal amount of notes would be exchanged for approximately 930,000 newly issued shares of SATA Stock. The offering is scheduled to settle on January 27, 2026 and is not conditioned on completion of these exchanges.
Strive, Inc. plans a $150 million public follow-on offering of its Variable Rate Series A Perpetual Preferred Stock (SATA Stock), subject to market and other conditions. The company expects to use the net proceeds, along with cash on hand and potential cash from terminating existing capped call transactions, primarily to address Semler Scientific’s 4.250% Convertible Senior Notes due 2030 and outstanding borrowings under its master loan agreement with Coinbase Credit Inc., including related interest payments. Strive also plans to allocate funds toward acquiring bitcoin and bitcoin-related products and for working capital and general corporate purposes. In parallel, it is negotiating separate exchanges of some Semler Convertible Notes into SATA Stock in private transactions, from which Strive would receive no cash proceeds, and may reduce the planned offering size depending on the amount of SATA Stock issued in these exchanges.
Strive, Inc. completed its merger with Semler Scientific, making Semler a wholly owned subsidiary and adjusting Semler’s 4.25% Convertible Senior Notes due 2030 so they now convert into Strive Class A common stock. Each $1,000 principal amount of Notes is initially convertible into 275.3887 shares of Strive stock, with a maximum initial rate of 344.2348 shares, and $100 million principal amount of Notes remains outstanding, representing up to 34,423,480 Strive shares if fully converted at the maximum rate. Former Semler stockholders received 21.05 shares of Strive Class A common stock for each Semler share. Strive also adopted a 2026 Omnibus Equity Incentive Plan that adds 110,789,280 shares to those remaining under the prior plan, with an annual “evergreen” increase tied to up to 5% of fully diluted shares. Governance changes include Avik Roy becoming Chief Strategy Officer and board observer, Eric Semler joining the board, and committee and director slates being reconstituted and approved by majority written consent.