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Streamline Health secures $9.7M capital raise

  • Streamline Health Solutions (NASDAQ:STRM) has entered into definitive agreements with certain institutional investors in a private placement for the sale of 9,473,691 common shares at $1.02/share for gross proceeds of $9,663,165.
  • Closing date is October 15.
  • Net proceeds will be used for the full redemption of its outstanding convertible preferred stock, for working capital, to continue development of eValuator cloud-based, pre-bill coding analysis technology.

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