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Strive launches $500M SATA buyback exceeding its reported cash

Original: Strive opens optional $500M SATA buyback that exceeds its reported cash Strive disclosed an optional $500M buyback for i

Strive has opened an optional $500 million buyback for its SATA preferred shares, a figure larger than its disclosed cash balance of $284.7 million. The company has set no timetable or funding source for the repurchase. Observers are questioning how the buyback would be financed and what it signals about the firm's capital management.

Why now: The buyback size exceeds the company's reported cash reserves, raising questions about funding.

StriveSATA preferred shares

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Evidence

• Strive opens optional $500M SATA buyback that exceeds its reported cash Strive disclosed an optional $500M buyback for its SATA preferred shares, above its $284.7M cash balance, with no timetable or funding source set. https:// newisty.com/blog/strive-opens-… · newisty

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