A shareholder has filed a lawsuit to prevent the merger between Semler Scientific and Strive, citing misleading disclosures about the companies' Bitcoin holdings and the financial fairness of the deal. The complaint, lodged in the US District Court for the Northern District of Illinois, alleges violations of the Securities Exchange Act of 1934. Plaintiff Terry Tran is requesting an injunction to stop the shareholder vote or reverse the merger until accurate disclosures are made. Semler and Strive reportedly hold 5,021 BTC and 5,885 BTC, respectively.
Shareholder Lawsuit Seeks to Block Semler-Strive Merger Over Bitcoin Disclosures
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