Semler Scientific, a U.S. publicly traded company, plans to issue $75 million in convertible senior notes due in 2030 through a private placement to qualified institutional buyers. Additionally, the company offers an option for initial purchasers to buy up to an additional $15 million in notes within 13 days of issuance. The proceeds will be used for capped call transactions and general corporate purposes, including purchasing Bitcoin.

BlockBeats News, January 24th, according to official sources, U.S. listed company Semler Scientific plans to privately place $75 million in principal amount of convertible senior notes due in 2030 to qualified institutional buyers. In addition, Semler Scientific also plans to grant the initial purchasers of the notes an option to purchase up to an additional $15 million in principal amount of notes within 13 days from the issuance date. Semler Scientific intends to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions and the remaining net proceeds for general corporate purposes, including the purchase of Bitcoin.

Semler Scientific to Issue $75 Million in Convertible Notes, Plans Bitcoin Purchase