Company: MSTR
Filing Date: 2025-04-07
Form Type: 8-K
Source: 0001193125-25-073989
Chunk: 8

Company: Strategy Inc
Filing Date: 2025-04-07
Form: 8-K
Item: Item 8.01
Chunk 8
---
5, the issuance date of the Perpetual Strike Preferred Stock.

Series A Perpetual Strife Preferred Stock

On March 25, 2025, Strategy issued 8,500,000 shares of Perpetual Strife Preferred Stock in a public offering registered under the Securities Act. In connection with the issuance of Perpetual Strife Preferred Stock, the Company filed a Certificate of Designations (the “ Strife Certificate of Designations”) with the Secretary of State of the State of Delaware designating an aggregate of 8,500,000 shares of, and establishing the terms of, the Perpetual Strife Preferred Stock.

The Perpetual Strife Preferred Stock accumulates cumulative dividends (“ Regular STRF Dividends”) at a rate per annum equal to 10.00% (the “ Regular STRF Dividend Rate”) of the stated amount of $100 per share (the “ Stated Amount”). Regular STRF Dividends are payable when, as and if declared by Strategy’s board of directors, out of funds legally available for their payment, quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, beginning on June 30, 2025 (each, a “ Regular STRF Dividend Payment Date”). Declared Regular STRF Dividends on the Perpetual Strife Preferred Stock are payable solely in cash. If any accumulated Regular STRF Dividend (or any portion thereof) on the Perpetual Strife Preferred Stock is not paid on the applicable Regular STRF Dividend Payment Date (or, if such Regular STRF Dividend Payment Date is not a business day, the next business day), then additional Regular STRF Dividends (“ Compounded STRF Dividends”) will accumulate on the amount of such unpaid Regular STRF Dividend, compounded quarterly at the Compounded STRF Dividend Rate (as defined below), from, and including, such Regular STRF Dividend Payment Date to, but excluding, the date the same, including all Compounded STRF Dividends thereon, is paid in full. The “ Compounded STRF Dividend Rate” applicable to any unpaid Regular STRF Dividend that was due on a Regular STRF Dividend Payment Date (or, if such Regular STRF Dividend Payment Date is not a business day, the next business day) will initially be a rate per annum equal to the Regular STRF Dividend Rate plus 100 basis points; provided