Semler Scientific to Merge With Strive Asset Management in All-Stock Deal
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Semler Scientific plans to merge with Strive Asset Management in an all-stock deal, offering 21.05 Strive shares for each Semler share. The fixed exchange ratio won't adjust for market fluctuations. Since the merger announcement, Strive's stock price has dropped, affecting Semler's stock and making the deal less appealing to Semler shareholders. This was disclosed by Wohl & Fruchter LLP.
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