v3.26.1
Business Combination (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination
The following table summarizes the consideration transferred and the assets acquired and liabilities assumed at their acquisition date fair value (in thousands):
Consideration transferred:
Strive, Inc. Class A common stock and fair value of assumed options$311,183 
Assets acquired and liabilities assumed:
Cash and cash equivalents3,513 
Prepaid expenses599 
Other current assets1,831 
Digital assets444,029 
Receivable for bitcoin collateral37,971 
Intangible assets14,650 
Property and equipment175 
Other non-current assets1 
Accounts payable and other liabilities(13,029)
Compensation and benefits payable(2,358)
Long-term notes payable(89,495)
Coinbase Loan(20,000)
Total identifiable net assets$377,887 
Bargain purchase gain(66,704)
Total$311,183 
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the consideration transferred and the assets acquired and liabilities assumed at their acquisition date fair value (in thousands):
Consideration transferred:
Strive, Inc. Class A common stock and fair value of assumed options$311,183 
Assets acquired and liabilities assumed:
Cash and cash equivalents3,513 
Prepaid expenses599 
Other current assets1,831 
Digital assets444,029 
Receivable for bitcoin collateral37,971 
Intangible assets14,650 
Property and equipment175 
Other non-current assets1 
Accounts payable and other liabilities(13,029)
Compensation and benefits payable(2,358)
Long-term notes payable(89,495)
Coinbase Loan(20,000)
Total identifiable net assets$377,887 
Bargain purchase gain(66,704)
Total$311,183 
Business Combination, Pro Forma Information
The unaudited supplemental pro forma financial information presented below has been prepared as if the Semler Scientific Merger had occurred in the earliest presented period. The pro forma financial information is developed using estimates and assumptions based on information available at the time. The Company believes such estimates and assumptions to be reasonable; however, the unaudited pro forma financial information is not necessarily indicative of what the combined company's results would have been had the acquisition been completed as of the beginning of the periods as indicated, nor does it purport to represents the Company's future results. As the financial information for the three months ended March 31, 2025 represents the financial information of the Predecessor, no such pro forma financial information has been included. Amounts below are presented in thousands, other than per-share amounts.
Three Months Ended
March 31, 2026
Total revenues$3,149 
Net loss(267,039)