Asset Enities Inc. (Asst) Advertised that its shareholders have approved a merger with Strive Enterprises. After Strive’s shareholder approval on September 4, this paves the way for the combined company to be renamed Strive Inc. To pursue a Bitcoin Treasury strategy.
Former presidential candidate Vivek Ramaswamy founded Strive Enterprises in 2022.
Matt Cole – Currently, the leader of Strive Asset Management – will lead the combined company as chairman and CEO, while the active units’ president and CEO Arshia Sarkhani will switch to Chief Marketing Officer and board member. The end of the merger remains subject to NASDAQ -listing approval and other usual conditions, according to the announcement.
Strive expects to finish a private location of $ 750 million (TUBE) Financing by closure, with a potential gross proceeds that exceeds $ 1.5 billion if warrants are exercised. Cole highlighted the company’s debt -free structure and strategy to maximize bitcoin per year. Stock through disciplined, long -term approaches designed to surpass Bitcoin himself.
ASST shares are higher by 38% in the US in the middle of the morning.
