TechFlow, April 16 — According to CoinDesk, medical technology company Semler Scientific disclosed in a Tuesday filing that it has reached a preliminary settlement with the U.S. Department of Justice (DOJ) over allegations of marketing violations related to its product QuantaFlo, agreeing to pay a $29.75 million penalty.
The company has signed a loan agreement with cryptocurrency exchange Coinbase, planning to secure the loan by pledging its held bitcoin to cover the settlement payment.
Previous report, Semler Scientific launched a $500 million mixed securities offering, with proceeds potentially partially used to purchase bitcoin.




