Strive CEO Matt Cole Says SATA Preferred Target Price Remains $100, With No Automatic Issuance Guarantee

Strive CEO Matt Cole said the target price for SATA preferred shares remains $100, but the company will no longer guarantee automatically issuing new shares at $100. According to PANews, Cole wrote on X that current market conditions are not normal and that maintaining flexibility on issuance can help prevent the company from being exploited by short sellers. Cole said future issuance decisions will reference data such as short interest and borrowing costs, but the company will not provide advance notice of specific actions.