Semler Scientific to issue $75 million in convertible senior notes, with part of the proceeds to be used to purchase Bitcoin

Odaily News Semler Scientific, a U.S.-listed company, announced that it plans to issue convertible senior notes with a total principal amount of US$75 million and a maturity date of 2030 to qualified institutional buyers through a private placement. Semler Scientific also intends to grant the initial purchasers of the notes an option to purchase additional notes with a principal amount of up to US$15 million within 13 days from the date of issuance of the notes. Semler Scientific intends to use part of the net proceeds from the offering to pay the cost of the capped call option transactions described below and use the remaining net proceeds for general corporate purposes, including the purchase of Bitcoin. (PR Newswire)