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Stock impact report

Ramaswamy-backed Strive to buy Semler in $1.3 billion deal all stock deal, boosting Bitcoin holdings [Yahoo! Finance]

Strive, Inc. - Class A (ASST) 
Company Research Source: Yahoo! Finance
about $1.34 billion, as the bitcoin-treasury company backed by former Republican U.S. presidential candidate Vivek Ramaswamy moves to expand its cryptocurrency holdings. Semler shareholders will receive 21.04 Class A common shares of Strive for each Semler share, valuing Semler at $90.52 per share, a premium of more than 210% to its Friday close. The deal comes less than five months after Strive announced a merger with Asset Entities as part of its plan to list on Nasdaq and pursue a strategy of buying and holding bitcoin Shares of Semler rose 8.3% in early trading, while Strive fell 8%. Strive also said it will purchase 5,816 bitcoin for a total of $675 million. The combined company would own more than 10,900 bitcoin and plans to fund future purchases using a “preferred equity only” model. Semler, which in addition to bitcoin holdings operates a healthcare business, offers a point-of-care test that measures arterial blood flow in the extremities. Ramaswamy, a longtime cry Show less Read more
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