M&A
confidence high
sentiment neutral
materiality 1.00
STREAMLINE HEALTH SOLUTIONS INC.: M&A transaction — Streamline Health acquired by MDaudit for $5.34/share; Nasdaq delisting initiated
STREAMLINE HEALTH SOLUTIONS INC.
- All shares cancelled and converted into right to receive $5.34 per share in cash, no interest.
- Company becomes wholly owned subsidiary of Mist Holding Co. (MDaudit); trading halted on Nasdaq.
- Nasdaq delisting and Form 15 deregistration under Section 12(b) of the Exchange Act filed.
- Entire board and officers resigned; Ritesh Ramesh appointed CEO/President, Nick Barnes CFO/Treasurer.
- Combined platform serves healthcare organizations with over $300B net patient revenue.