Streamline Health Announces 1-For-15 Reverse Stock Split to Meet Nasdaq Compliance

Streamline Health Announces 1-For-15 Reverse Stock Split to Meet Nasdaq Compliance

ATLANTA, Sept. 26, 2024 (GLOBE NEWSWIRE) – Streamline Health Solutions, Inc. ("Streamline" or the "Company") (NASDAQ: STRM), a leader in healthcare financial performance solutions, has announced a 1-for-15 reverse stock split of its outstanding common stock. This decision follows approval from the Board of Directors and aims to meet the Nasdaq Capital Market's minimum bid price requirement.

The reverse stock split, approved by stockholders on September 19, 2024, will consolidate every 15 shares of existing common stock into one share, effective at 12:01 a.m. EDT on October 4, 2024. Post-split, the common stock will trade under the new CUSIP number 86323X205 while retaining the "STRM" symbol on Nasdaq.

To address fractional shares resulting from the split, Streamline Health will compensate stockholders in cash based on the closing sales price of the stock on the effective date. This adjustment will also apply to any securities or rights convertible into common stock. Equity awards will be proportionately adjusted.

Computershare Inc., the company’s transfer agent, will facilitate the exchange of shares. Stockholders with electronic book-entry shares need not take action, while those with shares through banks or brokers will have their positions automatically adjusted.

For further information, stockholders can refer to the definitive proxy statement on Schedule 14A filed with the SEC on August 19, 2024, or contact Computershare directly.

About Streamline Health

Streamline Health Solutions, Inc. (NASDAQ: STRM) specializes in solutions that enhance healthcare organizations' financial performance by addressing revenue leakage. The company offers integrated solutions, technology-enabled services, and analytics to ensure compliant revenue management.

For more details, visit www.streamlinehealth.net

Contact

Jacob Goldberger Vice President, Finance 303.887.9625 jacob.goldberger@streamlinehealth.net

Source: Streamline Health Solutions, Inc.