Strive removes board size limit following stockholder approval

Strive, Inc. (NASDAQ:ASST) announced Tuesday that its board of directors and a majority of its stockholders have approved amendments to the company’s Articles of Incorporation and Bylaws to remove the maximum number of directors allowed on its board. The changes will become effective December 31, 2025.

Previously, Strive’s governing documents set a maximum board size of 11 directors. According to the company’s filing with the Securities and Exchange Commission, the amendments eliminate this limit, allowing for a board of directors with no specified maximum number.

The amendments were approved by the board in connection with the company’s Agreement and Plan of Merger with Semler Scientific, Inc., dated September 22, 2025. Stockholder consent for the changes was provided in writing on October 8, 2025.

The amended Articles of Incorporation and Bylaws, as well as related exhibits, were included in the company’s SEC filing. The company is incorporated in Nevada and its shares are listed on the Nasdaq Stock Market.

This information is based on a press release statement and the company’s 8-K filing with the SEC.

In other recent news, Strive, Inc. reported preliminary financial data, revealing $108.6 million in cash and cash equivalents and ownership of 5,886 bitcoins, acquired at an average cost of $116,053 per bitcoin. The company also sold over 10 million shares of its Class A Common Stock through an at-the-market offering program. Additionally, Strive has filed financial statements and pro forma data for its pending all-stock acquisition of Semler Scientific, Inc., which has received unanimous board approval from both companies. In a related development, Semler Scientific secured a $20 million loan collateralized by Bitcoin under a master loan agreement with Coinbase Credit Inc. The loan carries a 10% interest rate and is set to mature in March 2026. Strive also announced the appointment of Bitcoin advocate Ben Werkman as Chief Investment Officer. Werkman joins from Swan Bitcoin and will report directly to Chairman and CEO Matt Cole. Furthermore, Strive filed a prospectus for the potential resale of up to 1.28 billion shares of its Class A common stock by certain securityholders.

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