2 days ago
Asset Entities Inc (ASST) announced that its shareholders person approved a merger with Strive Enterprises. Following Strive’s shareholder support connected Sept.4, this paves the mode for the combined company, to beryllium renamed Strive Inc., to prosecute a bitcoin treasury strategy.
Former statesmanlike campaigner Vivek Ramaswamy co-founded Strive Enterprises successful 2022.
Matt Cole — presently the caput of Strive Asset Management — volition pb the combined institution arsenic president and CEO, portion Asset Entities’ President and CEO Arshia Sarkhani volition modulation to main selling serviceman and committee member. The merger’s closing remains taxable to Nasdaq listing clearance and different customary conditions, according to the announcement.
Strive expects to finalize a $750 cardinal backstage placement (PIPE) financing upon closing, with imaginable gross proceeds exceeding $1.5 cardinal if warrants are exercised. Cole highlighted the company’s debt-free operation and strategy to maximize bitcoin per stock done disciplined, semipermanent approaches designed to outperform Bitcoin itself.
ASST shares are higher by 38% successful U.S. mid-morning trade.
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