87% of Early Proxies Favor CareCloud's Series A Proxy Proposal

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]