---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-093562"
form_type: "8-K"
ticker: null
cik: "0001554859"
company_name: "Semler Scientific, Inc."
filed_at: "2025-09-26T23:59:59+00:00"
generated_at: "2026-05-17T05:33:50.259939+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-093562
- form_type: 8-K
- cik: 0001554859
- company_name: Semler Scientific, Inc.
- filed_at: 2025-09-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1554859/000110465925093562/0001104659-25-093562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1554859/000110465925093562/tm2526607d8_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-093562
- JSON: https://secwatch.observer/filing/0001104659-25-093562.json
- Plain text: https://secwatch.observer/filing/0001104659-25-093562.txt

## Key facts
- Debt Financings
  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
  source text: Accordingly, on September 25, 2025, Semler Sci borrowed $20.0 million of cash from Coinbase Credit pursuant to the master loan agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1554859/000110465925093562/0001104659-25-093562-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.