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.

PANews reported on January 24 that Semler Scientific announced that it had completed the pricing of $85 million convertible senior bonds with an annual interest rate of 4.25%, which will mature in 2030. The initial conversion price was $76.44 per share, a 25% premium over the closing price on January 23. Part of the proceeds ($6.6 million) will be used for capped option transactions, and the remaining funds will be used for corporate purposes, including Bitcoin investment. The bonds are scheduled to be delivered on January 28, 2025.

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