secwatch.observer — SEC 8-K summary
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Issuer:     Semler Scientific, Inc. (—)
CIK:        0001554859
Form:       8-K
Filed at:   2025-09-26T23:59:59+00:00
Accession:  0001104659-25-093562
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554859/000110465925093562/0001104659-25-093562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554859/000110465925093562/tm2526607d8_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-093562

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