SCHEDULE: Harbert Funds Exit Streamline Health Post-Merger

Harbert Discovery Fund and related entities report zero beneficial ownership in Streamline Health Solutions Inc. following its acquisition by Mist Holding Co. for $5.34 per share.

Summary

• Harbert Discovery Fund, LP and its related entities (Harbert Discovery Fund GP, LLC, Harbert Fund Advisors, Inc., Harbert Management Corporation, Jack Bryant, Kenan Lucas, and Raymond Harbert) no longer beneficially own any shares of Streamline Health Solutions Inc.
• This change in ownership is a direct result of the acquisition of Streamline Health Solutions Inc. by Mist Holding Co., the parent company of Hayes Management Consulting LLC d/b/a MDaudit.
• The acquisition was completed on August 12, 2025, pursuant to a Merger Agreement dated May 29, 2025.
• Under the terms of the Merger Agreement, each outstanding share of Streamline Health Solutions Inc. common stock was automatically cancelled and converted into the right to receive $5.34 in cash, without interest.
• Each restricted stock award corresponding to shares granted under the Issuer's equity plans was also cancelled and converted into cash at the same $5.34 per share rate, less applicable withholding taxes.

Sentiment

Score: 5

Explanation: The filing is neutral as it reports the completion of a previously announced merger and the subsequent exit of a significant shareholder group. It confirms an expected outcome without introducing new positive or negative operational or financial information for the issuer.

Positives

• Reporting Persons successfully exited their investment in Streamline Health Solutions Inc. at the agreed-upon merger consideration.
• Shareholders of Streamline Health Solutions Inc. received a cash payout of $5.34 per share, providing liquidity and a defined return on their investment.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding Streamline Health Solutions Inc.'s future operations, as it has been acquired and is now a wholly-owned subsidiary of Mist Holding Co. The filing focuses on the completed transaction and the reporting persons' exit.

Management Comments

• The undersigned agree that this Schedule 13D amendment, dated August 14, 2025, relating to the Common Stock, $0.01 par value per share of Streamline Health Solutions Inc. shall be filed on behalf of the undersigned.

Industry Context

This filing reflects a specific acquisition within the healthcare IT sector, where Streamline Health Solutions Inc., a provider of healthcare analytics and revenue cycle management solutions, was acquired by Mist Holding Co., parent of MDaudit. Such consolidations are common in the evolving healthcare technology landscape, driven by desires for expanded market share, synergistic product offerings, or cost efficiencies.

Stakeholder Impact

• Shareholders of Streamline Health Solutions Inc. received a cash payment of $5.34 per share for their holdings, concluding their investment in the company.

Key Dates

Keywords

Streamline Health Solutions, Harbert Discovery Fund, Merger, Acquisition, Beneficial Ownership, Healthcare IT, MDaudit, Mist Holding Co., SEC Filing, Schedule 13D