Foresight News reports that, according to CoinDesk, following the approval by Strive shareholders on September 4, Asset Entities Inc (ASST) announced that its shareholders have approved the merger with Strive Enterprises. The merged company will be renamed Strive Inc. and will implement a Bitcoin fund management strategy. Matt Cole, the current head of Strive Asset Management, will serve as the chairman and CEO of the merged company, while Arshia Sarkhani, president and CEO of Asset Entities, will transition to the role of chief marketing officer and board member. Strive expects to complete a $750 million private investment in public equity (PIPE) financing after the transaction is completed, and if warrants are exercised, the potential total proceeds will exceed $1.5 billion.

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