BUZZ-Semler Scientific rises on buyout deal with Ramaswamy-backed Strive

Reuters

09/22

BUZZ-<a href="https://laohu8.com/S/SMLR">Semler Scientific</a> rises on buyout deal with Ramaswamy-backed Strive

** Shares of bitcoin hoarder Semler Scientific SMLR.O rise 7.8% to $31.45

** Strive ASST.O, co-founded by biotech entrepreneur and former Republican presidential candidate Vivek Ramaswamy, will buy SMLR in an all-stock deal

** Deal comes as ASST looks to expand its holdings of the world's largest cryptocurrency

** SMLR shareholders will receive 21.05 shares of Strive for each share held, valuing Semler at $90.52 apiece, a premium of roughly 210% premium to the last close

** Deal comes just days after Strive completed its merger with Asset Entities as part of its plan to launch a publicly-listed bitcoin treasury company

** As of last close, SMLR down 46% while ASST up 776.7%, YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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