Streamline Health Announces Reverse Split, Adjusts Securities

An update from Streamline Health Solutions ( (STRM) ) is now available.

Streamline Health Solutions, Inc. has announced a 1-for-15 reverse stock split, effective at the start of trading on October 4, 2024, to comply with Nasdaq’s minimum bid price requirement. Shareholders will not receive fractional shares; instead, they will be compensated in cash based on the closing price on the effective date. This adjustment also applies to convertible securities, with all related agreements and equity awards being proportionally amended. The company’s transfer agent, Computershare, will handle the exchange, requiring no action from shareholders holding electronic or broker-managed shares.

For an in-depth examination of STRM stock, go to TipRanks’ Stock Analysis page.