secwatch.observer — SEC 8-K summary
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Issuer:     STREAMLINE HEALTH SOLUTIONS INC. (—)
CIK:        0001008586
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001437749-25-009908
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Streamline Health amends loan covenants, pays $300K success fee, waives defaults
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- $300K success fee due at loan maturity or full repayment; other financial covenants amended.
- Max ARR Net Leverage Ratio: 0.67:1.00 through May 2025, then 0.50:1.00.
- Minimum Adjusted EBITDA allows losses through May 2025; must reach $0 by June 2025.
- Max Debt to Adjusted EBITDA ratio begins at 3.50:1.00 in Q3 FY2025, declines to 2.00:1.00 by Q2 FY2026.
- Fixed Charge Coverage ratio of 1.20:1.00 required from quarter ending July 2025 onward.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1008586/000143774925009908/0001437749-25-009908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1008586/000143774925009908/strm20250328_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-009908

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer