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Strive, Inc. (NASDAQ:ASST), currently valued at $141 million in market capitalization, filed a report Tuesday providing financial statements and pro forma financial information related to its pending all-stock acquisition of Semler Scientific, Inc., according to a press release statement based on a filing with the Securities and Exchange Commission. InvestingPro data shows the company’s stock has surged an impressive 583% year-to-date, reflecting strong investor interest in this development.
The filing follows the previously announced Agreement and Plan of Merger between Strive and Semler Scientific, which was unanimously approved by both companies’ boards on Sunday. The merger agreement outlines the terms for Strive to acquire Semler Scientific in an all-stock transaction, subject to customary conditions.
Included in the filing are audited financial statements of Semler Scientific as of December 31, 2024 and 2023, as well as unaudited interim financial statements as of June 30, 2025. The report also contains unaudited pro forma combined consolidated financial information for Strive and Semler Scientific, reflecting adjustments as if the merger had been completed on January 1, 2024 for the statement of operations, and on June 30, 2025 for the balance sheet. Supplementary risk factors related to the merger are also provided.
Strive noted that the pro forma financial data is for illustrative purposes only and does not represent what the combined company’s results would have been if the merger had occurred on the dates indicated. The company stated that the financial statements of Semler Scientific were prepared by Semler Scientific and have not been independently validated by Strive.
The filing also highlighted several risks associated with the transaction, including the possibility that the merger may not close as expected, integration challenges, potential legal proceedings, and dilution from new share issuance. Notably, InvestingPro data indicates Strive maintains a healthy current ratio of 4.74 and has achieved remarkable revenue growth of 112% in the last twelve months, though investors should consider the company’s high beta of 17.4, indicating significant volatility compared to the broader market.
Strive’s Class A common stock is listed on the Nasdaq Stock Market under the symbol ASST. The company stated it intends to file a registration statement with the SEC for the shares to be issued in the merger and will distribute proxy materials to Semler Scientific shareholders for approval of the transaction.
This article is based on information provided in a press release statement and a recent SEC filing.
In other recent news, Strive, Inc., formerly known as Asset Entities Inc., has completed its merger with Strive Enterprises, Inc. This merger has been a significant development, as the company secured approximately $750 million in equity financing. The financing arrangement includes warrants that could potentially bring total proceeds to approximately $1.5 billion. The merger received strong support from Asset Entities’ shareholders, marking a key step toward the creation of a public Bitcoin Treasury Company. The combined entity will continue trading on the Nasdaq exchange under the ticker symbol ASST. Prior to the merger’s completion, the U.S. Securities and Exchange Commission had approved the registration statement related to the merger. This approval allowed Asset Entities to schedule a virtual special meeting of stockholders to vote on the merger proposals. Following the merger, the company has been renamed Strive, Inc., while maintaining its Nasdaq listing.
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