The Hurdle Rate Podcast(@HurdleRatePod):Matt Cole says Strive $ASST was willing to walk away from $SATA’s IPO over restrictions on future issuance. Investors wanted an incurrence test that would block new SATA issuance if amplification rose above roughly 25–30%. Strive said no, negotiated additional investor protections, and has since taken amplification above 50%. “If this doesn’t work for you, we will not IPO SATA.”

2026.09.16 09:00

Matt Cole says Strive $ASST was willing to walk away from $SATA’s IPO over restrictions on future issuance. Investors wanted an incurrence test that would block new SATA issuance if amplification rose above roughly 25–30%. Strive said no, negotiated additional investor protections, and has since taken amplification above 50%. “If this doesn’t work for you, we will not IPO SATA.” - @ColeMacro