Semler Scientific, Inc.: debt financing — 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.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Semler Scientific, Inc. incurred loan of $20.0 million with Coinbase Credit Inc. at 10% maturing March 26, 2026.

Instrument: loan
Principal: $20.0 million
Counterparty: Coinbase Credit Inc.
Rate: 10%
Maturity: March 26, 2026
Event: incurrence

Exact text from the filing

Accordingly, on September 25, 2025, Semler Sci borrowed $20.0 million of cash from Coinbase Credit pursuant to the master loan agreement.

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Source: SEC EDGAR

accession 0001104659-25-093562

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