Streamline Health Enters Securities Purchase Agreement With Accredited Investors In Private Placement
Portfolio Pulse from Benzinga Newsdesk
Streamline Health announced a securities purchase agreement with accredited investors in a private placement, expecting $4.5 million in additional liquidity. This move, coupled with the appointment of CEO Benjamin Stilwill and Matthew Etheridge to its board, aims to achieve a $15.5 million installed SaaS ARR and adjusted EBITDA breakeven in the second half of fiscal 2024.
February 07, 2024 | 9:56 pm
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POSITIVE IMPACT
Streamline Health's private placement and board appointments aim to bolster its financial position, targeting significant ARR and EBITDA milestones in fiscal 2024.
The private placement is expected to provide Streamline Health with significant liquidity, which is crucial for achieving its financial targets. The appointment of new leadership could also instill investor confidence, potentially leading to a positive short-term impact on STRM's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100