Shareholder Drops Suit Over Health-Care Company’s Bitcoin Merger

A shareholder in a medical device manufacturer that holds assets in Bitcoin decided to end a lawsuit seeking to prevent the company’s acquisition by Strive, Inc., a self-described “top Bitcoin treasury company.”

Terry Tran aims to dismiss the case with prejudice due to mootness after Semler Scientific Inc. filed a proxy statement to the SEC that included supplemental disclosures resolving his claims, said a dismissal notice filed Thursday to the US District Court for the Northern District of Illinois. Tran sued Semler under the Exchange Act in October over allegedly materially incomplete and ...