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SATA 424B5: Secondary offering

Filed with the SEC on · accession 0000950103-26-015734

SATA filed a 424B5 (prospectus (offering)) with the SEC on Oct 16, 2026. Strive, Inc. is offering 7,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock at $90.00 per share, raising $630 million in gross proceeds. The stock moved -1.0% by the first close after the filing.

Summary of the filing

Strive, Inc. is offering 7,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock at $90.00 per share, raising $630 million in gross proceeds. The company intends to list the SATS Stock on Nasdaq and may commence an at-the-market offering following listing.

For details, click here →How to read a 424B5 →

Key details

Public offering price per share$90
Total public offering price$630.0M
Underwriting discounts and commissions per share$3
Total underwriting discounts and commissions$21.0M
Proceeds before expenses to issuer per share$87
Total proceeds before expenses to issuer$609.0M
Stated amount and initial liquidation preference per share$100
Annual dividend rate$15
Dividend reserve deposit per share (first 18 months)$23
Joint book-running managerBarclays
Joint book-running managerCantor
Lead managerClear Street
Co-managerB. Riley Securities
Co-managerH.C. Wainwright & Co.
Co-managerMaxim Group LLC
Co-managerStoneX

How SATA stock reacted

Close before

$97.85

Oct 15, 2026

First close after

-0.99%

$96.89

5 trading days

+0.11%

$97.96

Since filing

-1.77%

$96.11

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Frequently asked questions

What did SATA file with the SEC on Oct 16, 2026?

SATA filed a 424B5 (Secondary offering). Strive, Inc. is offering 7,000,000 shares of its 15.00% Series A Perpetual SATS Preferred Stock at $90.00 per share, raising $630 million in gross proceeds. The company intends to list the SATS Stock on Nasdaq and may commence an at-the-market offering following listing.

What does a secondary offering mean for SATA stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did SATA stock react to this filing?

SATA closed at $97.85 before the filing and $96.89 on Oct 16, 2026 (-0.99%). Five trading days later: $97.96 (+0.11%).

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