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Medical device maker Semler Scientific seeks $75m in convertible notes to buy more Bitcoin

Semler Scientific seeks $75 million through a private offering of convertible senior notes, intending to use a portion for Bitcoin investments.

Public medial device maker Semler Scientific announced plans to offer $75 million in convertible senior notes, with a portion of the funds set aside for purchasing Bitcoin Bitcoin
btc
3.79%
Bitcoin. The offering will be made to qualified institutional buyers under Rule 144A of the Securities Act, the company said in a Jan. 23 press release.

The notes will be due in 2030 and will earn interest every six months. When converted, Semler Scientific can pay in cash, shares, or both. The final details, like the interest rate and conversion terms, will be set when the notes are priced, the press release reads.

Medical device maker Semler Scientific seeks $75m in convertible notes to buy more Bitcoin

Semler Scientific seeks $75 million through a private offering of convertible senior notes, intending to use a portion for Bitcoin investments.

Public medial device maker Semler Scientific announced plans to offer $75 million in convertible senior notes, with a portion of the funds set aside for purchasing Bitcoin Bitcoin
btc
3.79%
Bitcoin. The offering will be made to qualified institutional buyers under Rule 144A of the Securities Act, the company said in a Jan. 23 press release.

The notes will be due in 2030 and will earn interest every six months. When converted, Semler Scientific can pay in cash, shares, or both. The final details, like the interest rate and conversion terms, will be set when the notes are priced, the press release reads.
https://crypto.news/medical-device-maker-semler-scientific-seeks-75m-in-convertible-notes-to-buy-more-bitcoin/