Asset Entities Shareholders Approve Merger with Strive Enterprises

Asset Entities Inc (ASST) shareholders approved a merger with Strive Enterprises, which received its own shareholder approval on September 4. The merged entity will be renamed Strive Inc., focusing on a bitcoin treasury strategy.

Key points include:

Matt Cole will serve as chairman and CEO of the combined company.
Arshia Sarkhani will become chief marketing officer and board member.
The merger requires Nasdaq listing clearance and other customary conditions.
Strive plans to complete a $750 million private placement financing, potentially exceeding $1.5 billion if warrants are exercised.
Strive aims to maximize bitcoin per share through disciplined strategies.

ASST shares increased by 38% in mid-morning trading.