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Semler Scientific to Issue $75 Million in Convertible Notes, Plans Bitcoin Purchase

BlockBeatsJan 24, 2025

Semler Scientific, a U.S. publicly traded company, plans to issue $75 million in convertible senior notes due in 2030 through a private placement to qualified institutional buyers. Additionally, the company offers an option for initial purchasers to buy up to an additional $15 million in notes within 13 days of issuance. The proceeds will be used for capped call transactions and general corporate purposes, including purchasing Bitcoin.

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Semler Scientific to Issue $75 Million in Convertible Notes, Plans Bitcoin Purchase

BlockBeatsJan 24, 2025

Semler Scientific, a U.S. publicly traded company, plans to issue $75 million in convertible senior notes due in 2030 through a private placement to qualified institutional buyers. Additionally, the company offers an option for initial purchasers to buy up to an additional $15 million in notes within 13 days of issuance. The proceeds will be used for capped call transactions and general corporate purposes, including purchasing Bitcoin.

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