Semler Scientific (SMLR) said Friday it has priced its $85 million private offering of 4.25% convertible senior notes due 2030, up from the initially planned $75 million.
The initial conversion rate of the notes will be 13.0826 shares per $1,000 principal amount of the notes, equivalent to an initial conversion price of about $76.44 per share.
In connection with the pricing, the company also entered into capped call transactions with certain financial institutions. The cap price of the capped call transactions will initially be about $107.01.
Net proceeds are estimated to be about $81.4 million or $95.8 million if the initial purchasers fully exercise their overallotment option. About $6.6 million of these proceeds will be allocated to the capped call transactions, with the remainder to be used for general corporate purposes, bitcoin acquisition, investments and strategic initiatives, among others, the company said.
The offering is set to close on Jan. 28.
Shares of the company fell 10% in recent premarket trading activity Friday.
Price: 54.99, Change: -6.16, Percent Change: -10.07
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。