Strive announces the completion of the initial public offering of SATS perpetual preferred stock, issuing 7 million shares at $90 per share, raising a total of $630 million. The stock is expected to begin trading on the Nasdaq Global Market around October 20, under the ticker SATS. SATS will pay a fixed annual dividend of 15% based on a par value of $100 per share, with payments planned to start on trading days from November 9, subject to board approval. This preferred stock is not collateralized by the company’s Bitcoin holdings. https://www.(wublock123.com)/news/strive-completes-630-million-sats-perpetual-preferred-stock-issuance-with-an-annual-dividend-yield-of-15-70436