Semler Scientific, a US-listed company, announced plans to issue $75 million in convertible senior notes maturing in 2030 through private placement to qualified institutional buyers. An option for purchasers to buy an additional $15 million in notes within 13 days of issuance is also available. The proceeds will be used for capped call option transactions and general corporate purposes, including purchasing Bitcoin.

PANews reported on January 24 that according to PR Newswire, Semler Scientific, a US-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 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 issuance 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.

Semler Scientific Announces $75 Million Convertible Notes Issuance, Plans to Buy Bitcoin