Strive Asset Management (ASST) Registration Filing summary

Company overview and business model

• Provides social media marketing, content delivery, and server management services, primarily on Discord, TikTok, and other platforms, targeting Gen Z investors and creators.

• Offers three main service categories: Discord investment education/entertainment, social media marketing, and AE.360.DDM (Design, Develop, Manage) for Discord communities.

• Operates a cloud-based subscription management and payment processing solution (Ternary v2) for Discord communities, enabling monetization and user management.

• As of May 2024, had approximately 209,417 combined server user memberships and 438 paying Discord server subscribers in Q1 2024.

Financial performance and metrics

• Revenue is primarily driven by the number of paying subscribers to Discord servers, with 438 paying subscribers in Q1 2024, up from 382 in Q1 2023.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of Class B Common Stock by selling stockholders; may receive up to $115,500 from the cash exercise of the Second Ionic Tail Warrant.

• Proceeds from warrant exercise are intended for general corporate purposes.