Strive Rebrands Amid Significant Stock Decline

Strive Asset Management has rebranded itself as Strive The Daily Dividend Company following a significant 85% decline in its common stock over the past year. According to NS3.AI, the company announced plans to initiate daily cash dividends on its SATA preferred stock starting June 16, despite the stock trading below its $100 stated value. For the quarter ending March 31, Strive reported $2.76 million in revenue alongside a GAAP net loss of $265.9 million.