Strive, Inc. (NASDAQ:ASST) announced Wednesday that it has terminated a material debt agreement and amended the terms of its preferred stock.
On May 12, Strive's subsidiary Semler Scientific, Inc. completed the repurchase and cancellation of all remaining outstanding 4.25% Convertible Senior Notes due 2030. The notes were originally issued under an indenture dated January 28, 2025.
U.S. Bank Trust Company, the trustee, acknowledged that all obligations under the indenture have been satisfied. As a result, Semler Scientific is released from remaining obligations related to the notes.
Separately, on May 13, Strive filed an Amended and Restated Certificate of Designation with the Nevada Secretary of State for its Variable Rate Series A Perpetual Preferred Stock (NASDAQ:SATA). The amendment updates terms for calculating and paying dividends.
Under new terms, regular dividend payments will be calculated monthly, except for the period from June 16 to June 30, 2026, which will be prorated. If dividends are unpaid, additional dividends will accumulate and compound monthly.
The amendments also update obligations regarding dividend deferrals and payment limitations. The effective date is June 15, 2026, at 12:01 a.m. Pacific Daylight Time. Other material terms remain unchanged.
