NEWS
Streamline Health® Announces 1-For-15 Reverse Stock Split
Streamline Health Solutions, Inc. (NASDAQ: STRM) has announced a 1-for-15 reverse stock split of its outstanding shares of Common Stock, effective October 4, 2024. This decision, approved by the Board of Directors and stockholders, aims to bring the company into compliance with Nasdaq's minimum bid price requirement. The Common Stock will continue trading on The Nasdaq Capital Market under the symbol "STRM" but with a new CUSIP number.
Key points:
Effective at 12:01 a.m. EDT on October 4, 2024
Every 15 shares will be combined into one share
No fractional shares will be issued; cash will be paid for fractional entitlements
The split applies to all convertible securities and equity awards
Computershare Inc. is acting as the exchange agent
Key points:
Effective at 12:01 a.m. EDT on October 4, 2024
Every 15 shares will be combined into one share
No fractional shares will be issued; cash will be paid for fractional entitlements
The split applies to all convertible securities and equity awards
Computershare Inc. is acting as the exchange agent
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