
Shares of biotech company Semler Scientific Inc. (NASDAQ:SMLR) are trading higher Monday after Bitcoin (CRYPTO: BTC) asset management company Strive Inc. (NASDAQ:STRV) announced plans to acquire the company.
What To Know: Strive entered into an agreement to acquire Semler Scientific in an all-stock deal. Under terms of the transaction, each common share of Semler Scientific will be exchanged for 21.05 Class A common shares of Strive.