SOMERSET, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the "Company") (NASDAQ:CCLD, CCLDO, CCLDP))), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that Glass Lewis, a leading proxy voting advisory firm, has analyzed CareCloud's Series A Preferred Stock Proposals (the "Preferred Stock Proposals") and recommends a "yes" vote for the proposals at the upcoming special meeting of the holders of CareCloud's 11% Series A Cumulative Rede ...

Core Viewpoint - CareCloud, Inc. is seeking approval for an amendment to its Series A Preferred Stock, with significant support from shareholders as proxy solicitation continues [1][2][4] Group 1: Proxy Solicitation and Shareholder Support - Approximately 38% of Series A Preferred Stock shares have returned proxies, with nearly 87% in favor of the Preferred Stock Proposal as of August 2, 2024 [1] - The Preferred Stock Proposal requires approval from at least 66.67% of outstanding Series A Preferred Stock shares, equating to about 3 million of the 4.5 million shares [3] - Investors can submit voting instructions until August 21, 2024, through various methods including phone and online [3] Group 2: Proposed Changes and Benefits - If approved, the Preferred Stock Proposal would provide Series A Preferred Stockholders with change of control protections similar to those of Series B Preferred Stockholders [2] - The dividend for Series A Preferred Stock would align with that of Series B Preferred Stock, and the company would have the right to exchange Series A shares for common stock at a liquidation preference value of $25 per share, plus accrued dividends [2]

SOMERSET, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the "Company") (NASDAQ:CCLD, CCLDO, CCLDP))), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it continues to solicit proxies from the holders (the "Series A Preferred Shareholders") of its 11% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") to approve an amendment to the Company's Certificate of Designations, Preferences and Right ...

SOMERSET, N.J., July 09, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the "Company") (NASDAQ:CCLD, CCLDP))), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it has begun soliciting proxies from the holders (the "Series A Preferred Shareholders") of its 11% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") to approve an amendment to the Company's Certificate of Designations, Preferences and Rights of 11 ...

"We are thankful to our shareholders, customers and employees for their strong support over the last year," said Mahmud Haq, executive chairman of CareCloud's board of directors. "In the year ahead, we look forward to achieving new milestones as we continue to grow our free cash flow, expand our AI solutions, and increase the size of our customer base." uncertainties referenced and discussed under the heading titled "Risk Factors" in the Company's filings with the Securities and Exchange Commission. About C ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. | --- | --- | --- | |----------------------------------------------------- ...

CareCloud, Inc. (NASDAQ:CCLD) Q1 2024 Results Conference Call May 14, 2024 8:30 AM ET Company Participants Elizabeth Ferrer - Vice President of Human Resources Hadi Chaudhry - Chief Executive Officer President & Director Stephen Snyder - President Norman Roth - Interim CFO Mahmud Haq - Founder & Executive Chairman Conference Call Participants Jeffrey Cohen - Ladenburg Allen Klee - Maxim Group Bill Sutherland - Benchmark Operator Good morning, ladies and gentlemen, and welcome to the CareCloud Inc. First Qua ...

CareCloud, Inc. (CCLD) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non- recurring items. While CareCloud has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outl ...

CareCloud Reports First Quarter 2024 Results SOMERSET, N.J., May 14, 2024 (GLOBE NEWSWIRE) – CareCloud, Inc. (the "Company" or "CareCloud") (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced financial and operational results for the three months ended March 31, 2024. Recent Operational Highlights ● Identified approximately $22 million in annualized expense reductions since the initiative began in October 2023, of ...

SOMERSET, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the "Company" or "CareCloud") (NASDAQ:CCLD, CCLDP and CCLDO))), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it has retained Citizens JMP as its exclusive capital structure advisor. The retention of Citizens JMP by the Company was prompted by its recent receipt of an unsolicited indication of interest from a third-party to acquire the Company. The indication of interest ...