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Matthew Krueger, the CFO, Treasurer, and Secretary of Asset Entities Inc. (NASDAQ:ASST), recently sold a significant portion of the company’s Class B Common Stock. The sale comes amid notable market performance, with the stock showing a remarkable 1,402% gain over the past six months, though InvestingPro analysis indicates the stock is currently trading above its Fair Value. According to a filing with the Securities and Exchange Commission, Krueger sold a total of 26,400 shares on June 4, 2025. The shares were sold at prices ranging from $8.11 to $8.2681 per share, amounting to a total transaction value of $217,266.
Following these transactions, Krueger now directly owns 5,000 shares of Asset Entities Inc. Additionally, he holds an indirect interest in 250,000 shares through Asset Entities Holdings, LLC. Krueger has disclaimed beneficial ownership of these indirectly held shares, except to the extent of his pecuniary interest.
In other recent news, Asset Entities Inc. announced it has regained compliance with Nasdaq’s minimum bid price requirement. This development comes after the company’s Class B Common Stock maintained a closing bid price of at least $1.00 per share for ten consecutive business days. This achievement follows a previous notification of non-compliance, marking a positive resolution for the company. Additionally, Asset Entities Inc. has secured an amended agreement with its primary investor, Ionic Ventures, LLC. This agreement, known as the Amended and Restated Waiver and Consent, removes certain restrictions on the company’s ability to conduct "at the market offerings" of its Class B Common Stock. With this waiver, the company can now engage in ATM transactions without triggering prohibitive terms from previous arrangements. This strategic move may provide Asset Entities Inc. with a more streamlined path to access capital markets. The waiver also includes Ionic Ventures’ agreement to waive any adjustment to the conversion price of the Series A Preferred Stock.
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