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Semler Scientific Completes $85 Million Convertible Bond Pricing for Bitcoin Investment

PANewsJan 24, 2025

Semler Scientific has completed the pricing of $85 million in convertible senior bonds with a 4.25% annual interest rate, maturing in 2030. The initial conversion price is set at $76.44 per share, representing a 25% premium over the closing price on January 23. A portion of the proceeds, amounting to $6.6 million, will be allocated for capped option transactions, while the remaining funds will be used for corporate purposes, including investment in Bitcoin. The bonds are expected to be delivered on January 28, 2025.

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Semler Scientific Completes $85 Million Convertible Bond Pricing for Bitcoin Investment

PANewsJan 24, 2025

Semler Scientific has completed the pricing of $85 million in convertible senior bonds with a 4.25% annual interest rate, maturing in 2030. The initial conversion price is set at $76.44 per share, representing a 25% premium over the closing price on January 23. A portion of the proceeds, amounting to $6.6 million, will be allocated for capped option transactions, while the remaining funds will be used for corporate purposes, including investment in Bitcoin. The bonds are expected to be delivered on January 28, 2025.

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