STREAMLINE HEALTH SOLUTIONS INC. Announces Exec Chairman Disposal of 79,437 Shares

Strategic Insights -

Streamline Health Solutions Inc., a healthcare technology company, has announced a significant change in its ownership structure. On August 14, 2025, the company filed a Form 4 with the Securities and Exchange Commission, disclosing that Green Wyche T III, the Executive Chairman, disposed of 79,437 shares of the company's common stock at a rate of $0 per share on August 12, 2025. This major transaction was a result of the Agreement and Plan of Merger, dated May 29, 2025, between Streamline Health Solutions Inc., Mist Holding Co., and MD BE Merger Sub, Inc.

Key Takeaways:

  • Green Wyche T III, the Executive Chairman of Streamline Health Solutions Inc., disposed of 79,437 shares of the company's common stock at a rate of $0 per share.
  • The disposal was a result of the Agreement and Plan of Merger, dated May 29, 2025, between the company, Mist Holding Co., and MD BE Merger Sub, Inc.
  • Each share of common stock issued and outstanding was canceled and converted into the right to receive $5.34 in cash, without interest, as per the terms of the merger agreement.
  • The merger also involved the cancellation and conversion of outstanding restricted stock awards into the right to receive an amount in cash, equal to the product of the number of shares of common stock corresponding to the award, multiplied by the merger consideration, less applicable withholding taxes.
  • The form 4 filing includes 11,199 shares of restricted stock that were disposed of as part of the merger.
  • The merger became effective on August 12, 2025, with Streamline Health Solutions Inc. surviving as a wholly owned subsidiary of Mist Holding Co.

Statistics:

  • Number of common stock shares disposed: 79,437
  • Number of restricted stock shares disposed: 11,199
  • Merger consideration per common stock share: $5.34
  • Effective date of the merger: August 12, 2025

Sources:

  • SEC Form 4 filing dated August 14, 2025.