Strive, Inc. says it changed the rights for its shareholders and plans to sell 7,000,000 shares.

ASST · Strive, Inc.

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The terms create yearly dividend payments before common shareholders can receive dividends or assets in a wind-up. The board must declare the payments, and Strive set aside funds for the first 18 months. That reserve uses company cash and securities, and the 15% yearly dividend continues beyond it. The terms therefore weigh against ASST's common shares.