ATLANTA’, September 26, 2024 Verily, it hath been communicated forthwith by the esteemed entity, ’Streamline Health Solutions, Inc.’ (hereinafter referred to as Streamline or the Company) bearing the noble NASDAQ designation STRM, a paragon in the provision of solutions enabling healthcare providers to magnify their financial standing, that a course of action involving a 1-for-15 reverse stock split (henceforth known as the Reverse Stock Split) of the outstanding shares of Common Stock (referred herein as the Common Stock) shall transpire consequent to the approbation of its Board of Directors.
This decision follows the assent obtained from the Company’s distinguished stockholders, whose consent was garnered during the Special Meeting of Stockholders convened on the nineteenth day of September, in the year of our Lord Two Thousand and Twenty-Four. The ratio for this Reverse Stock Split, being set at 1-for-15, comports with the parameters sanctioned within said gathering.
The Reverse Stock Split signifies a reduction in the quantity of outstanding shares of the Common Stock, wherein each fifteen shares of the hitherto existing Common Stock shall be consolidated into one single share, thus effectuating a substantial decrease in the aggregate number of shares circulating within the marketplace. Such a maneuver, it is conjectured, will align the Company’s stock price with expected market standards, potentially augmenting shareholder value and ensuring compliance with NASDAQ’s listing requirements.
The Company, steadfast in its mission, continues to stand as a bastion of innovation in the healthcare solutions arena, facilitating enhanced financial performance for healthcare providers. This strategic stock split is envisioned as a means to fortify its fiscal foundation and better navigate the vicissitudes of the turbulent financial seas.
May this missive serve to elucidate the veritable nature of this corporate adjustment to all interested parties and stakeholders invested in the continuous prosperity of ’Streamline Health Solutions, Inc.’
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