Semler Scientific borrows $20M at 10% from Coinbase Credit, collateralized by Bitcoin, to fund DOJ settlement

Semler Scientific, Inc.

Borrowed $20M cash from Coinbase Credit on Sept 25, 2025, at 10% interest rate.
Loan collateralized by Bitcoin with initial margin of 156.25%; matures March 26, 2026.
Proceeds to pay previously disclosed U.S. Department of Justice settlement along with cash from operations.
Loan incurs early termination fee equal to all remaining interest if prepaid.
Agreement allows future borrowings of cash or digital assets under same master loan agreement.

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