Strive Closes Upsized IPO of SATS Preferred Stock

10:35 AM EDT, 10/20/2026 (MT Newswires) -- Strive (ASST) closed its upsized initial public offering of 7 million shares of its 15% Series A perpetual SATS preferred stock at $90 a share. The SATS stock started trading Tuesday on Nasdaq under the ticker SATS. The SATS stock pays 15% annual cumulative dividends on a $100 stated amount, Strive said Tuesday in a statement. Strive shares jumped 6.3% in Tuesday trading and the SATS stock gained 2%. Price: 27.16, Change: +1.62, Percent Change: +6.32