Strive’s $718 million PIPE warrant deadline moves to Oct. 13

  • Strive CEO Matt Cole said about $718 million in PIPE warrants remained unexercised.
  • $27 exercise prices applied to warrants covering approximately 26.596 million shares.
  • Strive’s deadline shifted from Oct. 12 to Oct. 13 at 5 p.m. ET.

Strive, a Bitcoin treasury company, had about $718 million of unexercised PIPE warrants as of Sept. 11, CEO Matt Cole said. The warrants carry a $27-per-share exercise price and cover about 26.596 million shares, according to an SEC filing. Because of the U.S. Columbus Day holiday, the exercise deadline shifted from Oct. 12 to 5 p.m. Eastern time on Oct. 13, with all other terms unchanged. Exercising the full amount would provide Strive with roughly $718 million.

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