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Strive, Inc. (NASDAQ:ASST) filed a report Friday providing financial information related to its pending all-stock acquisition of Semler Scientific, Inc. The merger agreement, initially announced on September 22, 2025, was unanimously approved by the boards of both companies on September 21, 2025. Strive, currently valued at $140.93 million market cap, has seen its stock price drop to $1.08, representing a 77% decline over the past six months despite a 120% year-to-date gain. InvestingPro data shows the company’s revenue growth at an impressive 111.73% in the last twelve months.
In the filing, Strive included historical financial statements of Semler Scientific as of September 30, 2025, covering the three and nine months ended September 30, 2025 and 2024. The company also provided unaudited pro forma combined consolidated financial information for Strive and Semler Scientific. These pro forma statements reflect adjustments as if the merger had been completed on January 1, 2024, for the combined statement of operations, and on September 30, 2025, for the combined balance sheet. According to InvestingPro, Strive reported revenue of just $0.76 million with an EBITDA of -$7.64 million in the last twelve months, highlighting the strategic importance of this acquisition for growth.
Strive stated that the pro forma financial information is for illustrative purposes only and does not represent what the combined company’s actual results would have been if the merger had occurred on those dates. The company noted that the historical financial statements of Semler Scientific were prepared by Semler Scientific and have not been independently validated or reviewed by Strive.
The merger remains subject to customary closing conditions, including regulatory approvals and approval by Semler Scientific stockholders. Strive has filed a registration statement with the Securities and Exchange Commission (SEC) to register the shares to be issued in connection with the transaction.
This update is based on a press release statement included in Strive’s Form 8-K filing with the SEC.
In other recent news, Strive, Inc. successfully raised $160 million through an upsized offering of 2 million shares of its Variable Rate Series A Perpetual Preferred Stock at $80 per share. This capital raise was aimed at funding the company’s bitcoin acquisitions, among other corporate purposes. Strive reported the purchase of approximately 1,567 bitcoins at an average price of $103,315, increasing its total holdings to 7,525 bitcoins. The funds for these acquisitions were sourced from the preferred stock offering and the exercise of traditional warrants. Additionally, Strive has removed the limit on the size of its board of directors following approval from its stockholders, with changes taking effect on December 31, 2025. This amendment to the company’s Articles of Incorporation and Bylaws allows for a board with no specified maximum number of directors. Strive’s recent activities reflect its strategic focus on expanding its bitcoin holdings and enhancing corporate governance flexibility.
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