Strive Acquires Semler Scientific in 210% Premium All-Stock Deal

Stive (ASST) is acquiring Semler Scientific (SMLR) in an all-stock deal with a 210% premium, valuing SMLR at $90.52 per share.
SMLR shareholders will receive 21.05 shares of ASST for each SMLR share.
Eric Semler, Executive Chairman of Semler, will join the board of the merged company.
Strive has purchased 5,816 Bitcoin for $675 million, at an average price of $116,047 per Bitcoin.
The combined entity will hold over 10,900 BTC, including Semler's holdings.
The merger follows declines in Semler Scientific's stock, which traded below the value of its Bitcoin reserves.
Strive aims to solidify its status as a leading Bitcoin treasury company with this merger.
ASST shares increased by 9.3% premarket to $4.71; SMLR shares last closed at $29.18.