Strive and Semler Scientific to Merge in All-Stock Deal, Creating Bitcoin Treasury Powerhouse

Core Viewpoint - Strive, Inc. is acquiring Semler Scientific, Inc. in an all-stock transaction, representing a 210% premium at approximately $90.52 per share based on closing prices on September 19 [1][2]. Group 1: Transaction Details - Each common share of Semler Scientific will be exchanged for 21.05 Class A common shares of Strive [2]. - The merger has received unanimous approval from the boards of directors of both companies and is subject to customary closing conditions [2]. Group 2: Bitcoin Acquisition - Strive has purchased 5,816 bitcoin at an average price of $116,047 per bitcoin, totaling $675 million, increasing its total holdings to 5,886 bitcoin [3]. - Post-merger, the combined company will own over 10,900 bitcoin, excluding future purchases from capital raises [3]. Group 3: Future Plans - Semler Scientific aims to accumulate 10,000 bitcoin and targets 105,000 bitcoin by 2027, appointing Joe Burnett as Director of Bitcoin Strategy [4]. - The merged entity plans to explore monetization options for Semler Scientific's profitable diagnostics business, focusing on preventative diagnostics and early detection of chronic diseases [5]. Group 4: Leadership Perspectives - The merger positions Strive as a leading Bitcoin treasury company, with expectations to outperform bitcoin in the long run [6]. - The transaction is viewed as creating significant value for stockholders through a substantial premium and innovative bitcoin strategies [6]. Group 5: Strategic Alignment - The merger is expected to create a scaled, innovative bitcoin acquisition platform while expanding into preventative healthcare [7].