Asset ENTITIES INC (ASST) announced that its shareholders approved a merger with Strive Enterprises. After the approval of Strive shareholders on September 4, this opens the way to the combined company, to rename Strive Inc., to continue a Bitcoin cash strategy.
The former presidential candidate Vivek Ramaswamy co -founded Strive Enterprises in 2022.
Matt Cole – Currently head of the Strive assets management – will direct the combined company as Chairman and Chief Executive Officer, while the President and Chief Executive Officer of Arshia Sarkhani, will go to the director of marketing and member of the Board of Directors. The closing of the merger remains subject to customs clearance of registration at the NASDAQ and other customary conditions, according to the announcement.
Strive expects to finalize a private investment of $ 750 million (PIPE) Financing at the fence, with a potential gross product exceeding $ 1.5 billion if mandates are exercised. Cole underlined the company’s structure and strategy without debt to maximize Bitcoin by Action thanks to long-term disciplined approaches designed to surpass Bitcoin itself.
ASST shares are 38% higher in American trade in the middle of the morning.
