Semler Scientific rises on buyout deal with Ramaswamy-backed Strive
22/09/2025 16:58
** Shares of bitcoin hoarder Semler Scientific SMLR.O rise 7.8% to $31.45 ** Strive ASST.O, co-founded by biotech entrepreneur and former Republican presidential candidate Vivek Ramaswamy, will buy SMLR in an all-stock deal ** Deal comes as ASST looks to expand its holdings of the world's largest cryptocurrency ** SMLR shareholders will receive 21.05 shares of Strive for each share held, valuing Semler at $90.52 apiece, a premium of roughly 210% premium to the last close ** Deal comes just days after Strive completed its merger with Asset Entities as part of its plan to launch a publicly-listed bitcoin treasury company ** As of last close, SMLR down 46% while ASST up 776.7%, YTD (Reporting by Arasu Kannagi Basil in Bengaluru) ((ArasuKannagi.Basil@thomsonreuters.com;))