Strive Asset Management (ASST) Registration Filing summary

Company overview and business model

• Provides social media marketing and content delivery services, focusing on Discord, TikTok, and other platforms.

• Offers Discord investment education and entertainment, social media marketing, and AE.360.DDM server design/management.

• Ternary v2 is a cloud-based subscription/payment solution for Discord communities, integrating Stripe payments.

• Primary market is Gen Z, but services also appeal to older generations through real estate investment content.

• Revenue is driven by paying subscribers to Discord servers, with 438 and 382 paying subscribers in Q1 2024 and Q1 2023, respectively.

Financial performance and metrics

• First closing of Series A Preferred Stock sale in May 2024 raised $1.5 million; a second closing for another $1.5 million is pending.

• As of July 5, 2024, 1,559,595 shares of Class B Common Stock and 1,506,406 shares of Class A Common Stock are outstanding.

• Recent private placements and warrant exercises have provided additional capital.

Use of proceeds and capital allocation

• Will not receive proceeds from resale of Class B Common Stock by selling stockholders.

• May receive up to $115,500 from cash exercise of the Placement Agent Warrant.

• Proceeds are intended for general corporate purposes.