Shareholder litigation against Semler Scientific’s planned merger with Strive, a Bitcoin treasury company, has raised concerns about transparency and fairness. A lawsuit filed by plaintiff Terry Tran alleges that the merger’s disclosure lacked crucial financial information regarding the combined entity’s performance, leading to a potential legal injunction or cancellation of the deal. 21.05 shares of Strive stock would be offered to every Semler shareholder as part of the all-stock merger agreement. Tran seeks an injunction to halt the shareholder vote and/or merger until the alleged omissions are addressed through proper disclosure, potentially delaying the transaction or even leading to its cancellation if made without adequate disclosure. The lawsuit has been filed in Illinois federal court by Ademi & Fruchter, a Wisconsin-based securities litigation firm. A successful injunction could significantly impact the merger timeline, requiring further regulatory review of the terms. The legal challenge is centered around the financial aspects of the deal and potential misrepresentation of its implications for current shareholders.