Semler to price its IPO of 1.18 million shares between $7.50 and $9.50

Aegis assists; proceeds used for working capital, corporate purposes

By Devika Patel

Knoxville, Tenn., Feb. 7 - Semler Scientific, Inc. will sell 1.18 million common shares in its firm commitment initial public offering with a 45-day greenshoe of 177,000 additional shares, according to a Form S-1/A filed Friday with the Securities and Exchange Commission. The deal was announced Nov. 15.

The stock will be sold at a price expected to fall between $7.50 and $9.50 per share.

Aegis Capital Corp. is the sole bookrunning manager.

Proceeds will be used for working capital and general corporate purposes.

The medical risk-assessment company is based in Portland, Ore. The company expects its shares will trade on the Nasdaq under the symbol "SMLR."

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