** Medical equipment maker Semler Scientific's SMLR.O shares fall ~11% to $54.60 premarket
** Company announces pricing of $85 mln convertible senior notes due 2030 in a private offering to institutional buyers
** Initial conversion price of ~$76.44 per share, represents 25% upside to stock's last close
** Company plans on using the proceeds for general corporate purposes, including acquiring bitcoin
** Semler entered into capped call transactions to offset potential dilution to its common stock due to the conversion of notes
** The capped call transactions have a cap price of ~$107.01, represents a 75% upside to stock's last close
** SMLR has ~9.6 mln shares outstanding - LSEG
** Company's shares rose ~22% in 2024
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com))
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