Strive CEO Seeks Feedback on Postponing $100 SATA Share Issuance
2026-07-01 09:42

Woofun AI reports that Strive's CEO is soliciting market feedback on temporarily suspending the issuance of new SATA shares at a $100 face value. The proposal aims to let the market determine the clearing price, provided it aligns with long-term shareholder interests. Recent data indicates short positions in SATA have risen by approximately 1 million shares, with annual borrowing costs reaching around 70%. While the target price remains $100, the CEO noted that some investors perceive an effective price ceiling due to the expectation of perpetual $100 issuances. Maintaining issuance flexibility is intended to increase the risk and cost of short selling, potentially raising short-term volatility while reducing it over the long term.

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