Semler Scientific has increased the size of its convertible preferred stock offering to $85 million.

Foresight News reports that the U.S. listed company Semler Scientific announced an increase in the issuance scale of its convertible preferred notes to $85 million. The company had previously disclosed 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 intends to use a portion of the net proceeds from the issuance to cover the costs of the capped call option transactions described below, with the remaining net proceeds allocated for general corporate purposes, including the purchase of Bitcoin.

Foresight News reports that the U.S. listed company Semler Scientific announced an increase in the issuance scale of its convertible preferred notes to $85 million. The company had previously disclosed 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 intends to use a portion of the net proceeds from the issuance to cover the costs of the capped call option transactions described below, with the remaining net proceeds allocated for general corporate purposes, including the purchase of Bitcoin.