Streamline Health® Announces 1-For-15 Reverse Stock Split

Core Viewpoint - Streamline Health Solutions, Inc. will implement a 1-for-15 reverse stock split to comply with Nasdaq's minimum bid price requirement, effective October 4, 2024 [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every 15 shares of Common Stock into one share, with no fractional shares issued; instead, cash will be paid for any fractional shares [2]. - The new CUSIP number for the Common Stock post-split will be 86323X205, and it will continue trading under the symbol "STRM" on The Nasdaq Capital Market [2]. - The reverse stock split will also apply to outstanding securities convertible into Common Stock, with all related agreements and equity awards adjusted proportionately [3]. Group 2: Administrative Aspects - Computershare Inc. will act as the exchange agent for the reverse stock split, and stockholders holding shares electronically will not need to take action to receive post-split shares [4]. - Stockholders owning shares through banks or brokers will have their positions adjusted automatically and will receive cash for any fractional shares according to their respective institutions' processes [4]. - Additional information regarding the reverse stock split is available in the Company's definitive proxy statement filed with the SEC [5]. Group 3: Company Overview - Streamline Health Solutions, Inc. provides solutions to healthcare organizations aimed at improving financial performance and addressing revenue leakage through integrated solutions and analytics [6].