7 hours ago
The expert who wrote this portion owns shares of Semler Scientific (SMLR). Medical-devices shaper Semler Scientific (SMLR) tumbled arsenic overmuch arsenic 15% aft the adjacent of U.S. trading connected Thursday aft saying it plans to merchantability $75 cardinal of convertible elder notes and volition usage immoderate of the funds to adhd to its bitcoin (BTC) holdings.
The shares dropped arsenic debased arsenic $51 arsenic the institution besides said fourth-quarter revenue roseate 3.3% to $12.5 cardinal and income from operations added 8.8% to $3.7 million. The unrealized summation from the alteration successful just worth of bitcoin holdings was astir $29 million.
A information of the proceeds from the enactment sale, which includes an enactment for different $15 million, volition beryllium utilized to money capped-call transactions to offset banal dilution from a imaginable enactment conversion, the institution said.
The notes mature successful 2030, with involvement paid semiannually. They tin beryllium converted into cash, institution banal oregon both. Full presumption of the offering person not been released.
As of Jan. 17, Semler Scientific held 2,321 BTC, with an aggregate acquisition terms of $191.9 cardinal and an mean terms of $82,689.
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