In the grand tapestry of capitalism, where threads of opportunity intertwine with the silken strands of risk, Semler Scientific weaves a bold pattern. The purveyor of medical marvels seeks a modest fortune—$75 million in convertible senior notes—to bolster its Bitcoin coffers. 🏦✨
With a press release as the herald, Semler Scientific unfurls its intentions to the qualified institutional buyers, like a peacock displaying its iridescent feathers. Rule 144A is the stage, and Bitcoin is the star, with a portion of the funds destined for the digital goldmine. 🚀💰
These notes, due in the distant year of 2030, promise a biannual tithe of interest. Semler Scientific, ever the cunning fox, offers a choice of cash, shares, or a bit of both upon conversion. The finer details, like the interest rate and conversion terms, are yet to be etched in stone—or rather, in the digital ledgers of finance. 📜✍️
In a masterstroke of corporate chess, “capped call transactions” are introduced to shield the company’s stock from the dread of dilution. As if donning an invisible cloak, these transactions aim to minimize theConvertibles’ bite. Should the buyers hunger for more, the capped calls shall multiply. 🧙♂️🛡️
The Santa Clara-based alchemists declare their intent to use a portion of the spoils to pay for these mystical capped calls. The remainder, a veritable pot of gold, will be sprinkled upon general corporate purposes, with a shiny Bitcoin acquisition among them. 🏰🌟
According to the oracles of BitBo, Semler Scientific already boasts a hoard of 2,321 BTC, valued at over $244 million—a mere drop in the vast ocean of Bitcoin’s supply. Since unveiling its Bitcoin treasury in May 2024, the shares have soared, a testament to the power of digital treasure. 📈🏦
Read More
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- Cookie Run Kingdom Town Square Vault password
- ‘The Last of Us’ Gets Season 2 Premiere Date
- Judge Fines Oregon Man with $120 Million in Crypto Fraud Case
- Unveiling the Enchanting World of Peer-to-Peer Crypto: A Witty Guide
- Disney+ Lost A Ton Of Subscribers After The Company Raised Prices, But It Didn’t Seem To Matter For Another Streamer
- After The Odyssey’s First Look At Matt Damon’s Odysseus, Fans Think They’ve Figured Out Who Tom Holland Is Playing
- NEIGHBORHOOD Unveils SS25 Collection Featuring Keffiyeh-Inspired Pieces
- Central Banks to Shun Retail CBDCs, Embrace Wholesale: Mastercard
2025-01-24 15:28