Semler Scientific (SMLR) stock dropped by 15% to $ 75M in a changeable loan sale, income highlights
The analyst who wrote this piece owns the semler scientific (SMLR) sharing.
The medical-apathy manufacturer Semler Scientific (SMLR) dropped 15% following the closing of US trading on Thursday after saying it plans to sell $ 75 million of Senior notes can be replaced and will use some of the funds to add to its bitcoin (Btc) Holdings.
Shares drops less than $ 51 as the company also said Fourth-quarter income Rose 3.3% to $ 12.5 million and income from operations added 8.8% to $ 3.7 million. The undeniable benefit from changing the fair amount of Bitcoin handles is about $ 29 million.
A portion of the proceeds from the sale of the note, which includes a choice for another $ 15 million, will be used to fund the capped-call transactions to offset the dilution of the stock from a potential Convert a note, the company said.
The notes were adults by 2030, with interesting semiannually paid. They can be converted to cash, company stock or both. The whole term of the offer was not released.
On January 17, the Semler Scientific held 2,321 BTC, with an integrated -a combined purchase price of $ 191.9 million and an average price of $ 82,689.
