Semler Scientific plans to issue $75 million in convertible preferred notes, with part of the proceeds used to purchase Bitcoin.

Odaily Planet Daily News - The US-listed company Semler Scientific announced that it plans to issue convertible preferred notes with a total principal amount of $75 million, maturing in 2030, through a private placement to qualified institutional buyers. 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 $15 million within 13 days from the date of issuance. Semler Scientific plans to use a portion of the net proceeds from the issuance to cover the costs of the capped call option transactions described below, while the remaining net proceeds will be used for general corporate purposes, including the purchase of Bitcoin. (PR Newswire)