Semler Scientific will raise $ 500 million in new securities after resolving a big case with the Ministry of Justice, according to the company’s submission. Health Care Technology Company will use some money to expand its encryption that exceeds 3,000 coins.
The company begins an agreement with the Ministry of Justice with the Ministry of Justice.
According to the SEC (Securities and Exchange Commission) submitted, Semler Scientific has reached an agreement with the Ministry of Justice and $ 29.5 million about marketing practices for Quantaflo products. The probe, which began in 2017, focused on the potential violation of the Federal Fraud Law on how the company sells flagship products.
The agreement negotiations have been in cooperation with several summons in recent months. According to the company’s Tuesday SEC submission, the transaction has not yet been completed, but Semler has already gained a way to raise funds.
Semler Scientific's filing with the SEC. Source: US SEC.
Coinbase loans to raise funds to agreements without selling Bitcoin
Instead of clearing Cryptocurrency Holdings, Semler tries to solve the DOJ case using Coinbase’s loan. Loans will be secured by the company’s large -scale bitcoin reserves standing on a 3,190 BTC of about $ 267 million at the current market price.
This financing strategy allows SEMLER to meet legal requirements without liquidating cryptocurrency holdings. By using Bitcoin as a collateral, the company can meet the agreement demand by preserving the strength of the balance.
Securities worth $ 500 million points to a larger encryption plan.
In addition to the consensus, SEMLER submitted S-3 registration to the SEC and sold $ 500 million worth of securities. The report indicates that the company wants to greatly increase its own Bitcoin, not to collect cash to pay the DOJ agreement.
Image: Threads
Measures take action when other businesses continue to accumulate Bitcoin in a safe. According to the report, Michael Saylor’s company recently acquired 3,450 Bitcoin of $ 282 million, and has increased its stake from 531,640 bitcoin. Another company, Metaplanet, acquired $ 26 million worth of Bitcoin at the same time.
Image: Brookings Institution
Market analysts are still optimistic despite price fluctuations.
Semler’s intended Bitcoin Buys is a market volatility, but predicts extreme price recognition. The analyst handling “Crypto’s Titan” was $ 137,000 by Bitcoin, but there was no period of that price level.
Medical technology companies did not point out exactly when finishing securities or purchasing additional bitcoin. Nevertheless, it is clear that the addition of SEC submission to Cryptocurrency Holdings is still a priority in addition to paying the DOJ agreement.
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