Semler Scientific plans to buy more Bitcoins with its $500 million offering.
The healthcare tech firm also disclosed a $30 million settlement with the US DOJ.
Semler Scientific filed a statement with the SEC to offer $500 million for its business ventures. The firm is planning to purchase Bitcoins with a portion of this offering, along with other business expenditures. Semler announced its plans regarding BTC purchase following its $30 million settlement with the US DOJ.
The healthcare tech firm filed a Form S-3 registration statement yesterday with the Securities and Exchange Commission. It offers to sell securities, such as debt securities, common stocks, units, and warrants, to raise $500 million.
The company plans to use these funds for various business purposes, among which the acquisition of Bitcoin is the major one. It will also use a portion of funds for capital expenditures, research and development, and administrative expenses.
Founder of Semler Scientific, Eric Semler, stated,
Semler Made a $30 Million Settlement with the DOJ
Eric Semler posted on his official X account regarding the firm’s settlement with the US DOJ. He even expressed his enthusiasm about the possibility of buying more Bitcoin.
Apart from Semler Scientific’s S-3 statement with the SEC, another filing called 8-K is also making rounds in the media. It disclosed its agreement with the DOJ regarding its $29.75 million settlement to resolve False Claims Act (FCA) violation allegations.
The firm faced a civil investigative demand from the DOJ in 2017. It claimed the healthcare tech firm violated FCA rules regarding test results of photoplethysmography devices for Medicare reimbursement. However, the firm stated that there is no guarantee that it will reach a final settlement with the US DOJ.
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