Lawsuit claims Semler board misled shareholders
Tran’s lawsuit claims that the Semler board, including CEO Douglas Murphy‑Chutorian and directors Eric Semler, William Chang and Daniel Messina, failed to disclose sufficient details about the financial fairness of the deal and its implications for shareholders.
The plaintiff is asking the court to halt the shareholder vote or any steps toward completing the merger until the company issues corrective disclosures addressing the gaps in the proxy statement. If the deal has already been executed, Tran seeks to cancel the merger or obtain monetary damages.
If the court grants the injunction, the merger could face significant delays. The case, filed on Tuesday, is being handled by Ademi & Fruchter, a Wisconsin‑based securities litigation firm.
Semler Scientific is a health‑tech firm that adopted Bitcoin as its primary treasury reserve asset in 2024 and has steadily built up its holdings through multiple purchases.
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Strive, Semler among top 20 Bitcoin treasury firms
The top Bitcoin treasury holders are led by Strategy (MicroStrategy) with a massive 640,250 BTC, followed by MARA Holdings with 53,250 BTC and Cantor Fitzgerald‑backed Twenty One Capital (XXI) with 43,514 BTC.
Further down the list, Strive and Semler Scientific stand out as smaller but notable entrants among public Bitcoin holders, ranking 17th and 20th, with 5,885 BTC and 5,021 BTC, respectively.
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