Halper Sadeh LLC, an investor rights law firm, announced an investigation into whether the potential sale of Semler Scientific, Inc. to Strive, Inc. is fair to Semler shareholders. The proposed transaction involves an exchange of 21.05 Class A common shares of Strive per share of Semler.
The investigation concerns whether Semler and its board of directors violated federal securities laws and/or breached their fiduciary duties to shareholders. Specifically, the firm will assess if the board failed to obtain the best possible consideration for shareholders and if Strive is underpaying for Semler.
The investigation will also examine whether all material information necessary for Semler shareholders to adequately assess and value the merger consideration was disclosed. This inquiry introduces uncertainty regarding the proposed transaction and could potentially lead to demands for increased consideration or additional disclosures for shareholders.
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