Streamline Health Plans To Proceed With 1-For-15 Reverse Stock Split Of Its Outstanding Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Streamline Health is proceeding with a 1-for-15 reverse stock split of its common stock, as approved by stockholders on September 19, 2024.
September 26, 2024 | 9:27 pm
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NEUTRAL IMPACT
Streamline Health is implementing a 1-for-15 reverse stock split, which was approved by stockholders. This action is likely to affect the stock's liquidity and market perception.
The reverse stock split will consolidate shares, potentially increasing the stock price per share but reducing the number of shares outstanding. This can affect liquidity and may change investor perception, but the overall market cap remains unchanged.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100