Strive: Acquisition of Semler Scientific Approved by Shareholders, Two Companies to Merge Bitcoin Reserves

Techub News reports that Semler Scientific shareholders have voted to approve Strive's all-stock acquisition proposal. As a result, Strive will obtain the 5,048.1 bitcoins held by Semler. Strive also disclosed that it increased its bitcoin holdings by 123 at an average price of $91,561, with a total cost of $11,264,000 (including fees), bringing its total bitcoin holdings to 7,749.8. The announcement indicates that the combined entity is expected to hold approximately 12,797.9 bitcoins upon completion of the transaction and plans to implement a 1-for-20 reverse stock split for both Class A and Class B common stock. Further details will be disclosed in a subsequent 8-K filing. Strive also stated its intention to advance the tokenization of Semler's medical diagnostics business and address approximately $120 million in debt. Following the news release, the stock prices of both Strive and Semler Scientific fell by approximately 10%.