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Semler Scientific announced the issuance of $75 million in convertible preferred notes and plans to acquire Bitcoin.
Jan 23, 2025
#Fundraising
According to Wu, as reported by PR Newswire, Semler Scientific announced plans to issue a total principal of $75 million in convertible senior notes due in 2030 to qualified institutional buyers through a private placement, depending on market conditions. They also intend to grant the initial purchasers of the notes an option to purchase additional notes in an aggregate principal amount of up to $15 million within 13 days from the date of the note issuance. A portion of the net proceeds from the offering will be used for the costs of capped call transactions, and the remaining net proceeds will be used for general corporate purposes, including the acquisition of Bitcoin.
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Semler Scientific announced the issuance of $75 million in convertible preferred notes and plans to acquire Bitcoin.
Jan 23, 2025
#Fundraising
According to Wu, as reported by PR Newswire, Semler Scientific announced plans to issue a total principal of $75 million in convertible senior notes due in 2030 to qualified institutional buyers through a private placement, depending on market conditions. They also intend to grant the initial purchasers of the notes an option to purchase additional notes in an aggregate principal amount of up to $15 million within 13 days from the date of the note issuance. A portion of the net proceeds from the offering will be used for the costs of capped call transactions, and the remaining net proceeds will be used for general corporate purposes, including the acquisition of Bitcoin.
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