SATS will offer a fixed 15% dividend yield at par and be junior to the company's existing SATA, which pays a variable rate (currently 13%). Strive (ASST) is IPOing a new perpetual preferred stock, SATS, with a 15% fixed dividend. The new share class will sit junior to the company’s existing perpetual preferred stock, SATA. At closing of the IPO, Strive will set aside enough cash to fund 18 months of dividends on SATS. Bitcoin treasury company Strive ASST $27.60 · Market Closed on Tuesday e…
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