Semler Scientific settled with the U.S. Department of Justice and agreed to pay a $29.75 million fine
Medical technology company Semler Scientific disclosed in a filing on Tuesday that it had reached a preliminary settlement with the U.S. Department of Justice (DOJ) over allegations of marketing violations involving its product QuantaFlo, agreeing to pay a fine of $29.75 million, Internet reported. The company has signed a loan agreement with cryptocurrency exchange Coinbase, and plans to use the bitcoins it holds as collateral to obtain a loan to pay the settlement. Previously, Semler Scientific launched a $500 million hybrid securities issuance plan, with part of the funds raised to purchase Bitcoin.
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