Strive, Inc. has entered into a definitive agreement to acquire healthcare infrastructure firm Semler Scientific, Inc. in an all-stock transaction. In an announcement, the firm said the merger represents an approximately 210% premium, equivalent to about $90.52 per share, based on the closing prices of both companies on September 19. In conjunction with the merger announcement, Strive reveals it has purchased 5,816 bitcoin at an average price of $116,047 per bitcoin, totaling $675 million. While bitcoin holdings remain central to the merger, the combined company also intends to explore options to monetize or distribute Semler Scientific’s profitable diagnostics business.
Read the full article: Strive and Semler Scientific to Merge in All-Stock Deal //
Source: https://finance.yahoo.com/news/strive-semler-scientific-merge-stock-145427057.html