Semler Scientific, a medical tech firm, has announced its intention to issue new securities. In a recent filing with the U.S. Securities and Exchange Commission, it is noted that this will be a combination of various financial instruments.
Securities Issuance Plan
According to the document, the company is seeking approval to issue a mix of securities, potentially including stocks, bonds, or other financial instruments. Specifics on each issuance will be detailed in supplemental filings as they're rolled out.
Volatility of Semler Scientific Shares
The company’s stock, which trades under the ticker SMLR on the Nasdaq Capital Market, has experienced significant volatility recently. Since the beginning of 2024, its price has swung between $21.03 and $74.73, most recently settling at $34.26.
Cryptocurrency Strategy
Semler indicated that the volatility is partly linked to broader crypto market fluctuations and its newly adopted strategy of holding Bitcoin as part of its treasury reserves. Despite these sharp price moves, the firm clarified that its core business and financial health remain unchanged.
Semler Scientific continues to develop its business strategies while adapting to changes in financial and cryptocurrency markets.
