Company: MSTR
Filing Date: 2025-04-07
Form Type: 8-K
Source: 0001193125-25-073989
Chunk: 4

Company: Strategy Inc
Filing Date: 2025-04-07
Form: 8-K
Item: Item 8.01
Chunk 4
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5, the Company established the STRK ATM, pursuant to which the Company may issue and sell shares of its Perpetual Strike Preferred Stock having an aggregate offering price of up to $21 billion from time to time through the sales agents under the STRK ATM.

The Perpetual Strike Preferred Stock has a par value of $0.001 per share and a liquidation preference of $100 per share. The Perpetual Strike Preferred Stock ranks senior to the class A common stock and class B common stock and junior to the Perpetual Strife Preferred Stock with respect to the payment of dividends and the distribution of assets upon Strategy’s liquidation, dissolution or winding up. If Strategy liquidates, dissolves or winds up, whether voluntarily or involuntarily, then the holders of the Perpetual Strike Preferred Stock will be entitled to receive payment for the liquidation preference of, and all accumulated and unpaid Regular STRK Dividends (as defined below) on, their Perpetual Strike Preferred Stock out of Strategy’s assets or funds legally available for distribution to its stockholders, before any such assets or funds are distributed to, or set aside for the benefit of, holders of the class A common stock, class B common stock or other junior stock. The Perpetual Strike Preferred Stock is junior to Strategy’s existing and future indebtedness, junior to the Perpetual Strife Preferred Stock, structurally junior to the liabilities of Strategy’s subsidiaries and subject to the rights and preferences of any other class or series of preferred stock then outstanding.

The Perpetual Strike Preferred Stock accumulates cumulative dividends (“ Regular STRK Dividends”) at a rate per annum equal to 8.00% on the liquidation preference thereof (the “ Regular STRK Dividend Rate”), and that are payable when, as and if declared by Strategy’s board of directors, out of funds legally available for their payment to the extent paid in cash, quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, beginning on March 31, 2025 (each, a “ Regular STRK Dividend Payment Date”). Declared Regular STRK Dividends on the Perpetual Strike Preferred Stock are payable, at Strategy’s election, in cash, shares of class A common stock or a combination of cash and shares of class A common stock. If Strategy elects to pay any portion of a declared Regular STRK Dividend in shares of class A common stock, then those shares will