DLA Piper advised underwriters in initial public offering of Strive, Inc’s SATA Stock

DLA Piper advised underwriters in initial public offering of Strive, Inc’s SATA Stock

DLA Piper advised the underwriters in Strive, Inc.’s upsized initial public offering of 2,000,000 shares of Variable Rate Series A Perpetual Preferred Stock (the SATA Stock) at a public offering price of $80 per share. The underwriters were led by Barclays Capital Inc. and Cantor Fitzgerald & Co.

Strive intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and bitcoin-related products and for working capital, the purchase of income generating assets to grow the company’s business, other capital expenditures, repurchases of shares of the company’s Class A common stock, and/or repayment of debt.

DLA Piper enables issuers and underwriters to execute complex securities transactions throughout the world. We offer tactical approaches to financings across equity and debt capital markets, alternative public offerings (de-SPACs, reverse mergers, and direct listings), and other transformative corporate transactions. Lawyers in our Corporate Governance practice act as outside corporate and securities counsel to a wide range of reporting companies by guiding clients through securities offerings and nuanced disclosure, governance, and compliance matters under SEC, Nasdaq, and NYSE rules and regulations. Boards of directors turn to us to navigate complex transactions, special investigations, and challenging risk oversight matters. Please visit Capital Markets and Public Company Advisory and Market Edge.

The DLA Piper team was led by Stephen P. Alicanti (Partner), Anna K. Spence (Partner), and Bianca Jean LaCaille (Associate), Sarah Cooper (Associate), Anna Johansen (Associate), Michael Madigan (Counsel), advised on tax matters.

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