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Strive shares surge 20.5% after raising $630 million through preferred stock issuance

The Motley Fool +1 ·

SATA
SATA Strive Inc - VR PRF PERPETUAL USD 100 - Ser A
$98.02 +0.11%
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  1. 1Strive shares rose 20.5% this week.
  2. 2Strive raised a total of $630 million through the issuance of preferred stock.
  3. 3Strive closed at $29.03 on Thursday, October 22.

So what's the key point?

Strive raised $630 million by issuing preferred stock. Following this news, the stock price rose 20.5%, drawing market attention.

Source The Motley Fool +1 · View original ↗

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