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DALLAS - Asset Entities Inc. (NASDAQ:ASST), a digital marketing services provider with a current market capitalization of $71 million and impressive year-to-date returns exceeding 800%, announced Monday that the U.S. Securities and Exchange Commission has declared effective its registration statement on Form S-4 related to its proposed merger with Strive Enterprises, Inc. According to InvestingPro data, the company has demonstrated strong revenue growth of ~112% over the last twelve months.
The company has scheduled a virtual special meeting of stockholders for September 9, 2025, at 1:00 p.m. Central Time, where shareholders will vote on four proposals related to the merger. Stockholders of record as of July 21, 2025, can vote online until September 8 or during the virtual meeting. The stock, currently trading at $4.42, has shown significant volatility - one of several key metrics tracked by InvestingPro, which identifies the stock as currently overvalued (view more overvalued stocks at: https://www.investing.com/equities/most-overvalued).
According to the company, stockholders representing over 40% of the vote have already committed to support the merger, with approximately 10% more needed for approval. The company maintains a healthy liquidity position with a current ratio of 4.74, indicating strong ability to meet short-term obligations.
Upon completion, the combined entity will be renamed Strive, Inc., continue trading under the "ASST" ticker, and position itself as a public Bitcoin Treasury Company. A private placement financing is expected to close concurrently with the merger, with the company anticipating aggregate gross proceeds exceeding $750 million, plus potential additional financing of $750 million through warrant exercises.
Before accounting for the financing, Strive stockholders are expected to own approximately 94.2% of the combined company, while Asset Entities stockholders will hold about 5.8%.
Matt Cole, current CEO of Strive, will lead the combined company as CEO and Chairman, while Asset Entities CEO Arshia Sarkhani will serve as CMO and board member.
The merger remains subject to stockholder approval and Nasdaq’s approval of the company’s listing application. The announcement was made in a press release statement from Asset Entities.
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