Core Viewpoint - CareCloud, Inc. intends to voluntarily delist its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock from the Nasdaq Global Market due to non-compliance with listing requirements following a mandatory conversion of shares [1] Group 1: Delisting Announcement - The company will notify Nasdaq of its intent to delist the Series A Preferred Stock and expects to file a Form 25 with the SEC around March 21, 2025 [1] - The delisting is expected to be effective on or about March 31, 2025 [1] - The mandatory conversion involved converting each share of Series A Preferred Stock not held by a "material shareholder" into 7.3358 shares of common stock [1] Group 2: Company Overview - CareCloud specializes in healthcare information technology and generative AI solutions for medical practices and health systems [2] - The company offers a suite of technology-enabled solutions aimed at improving financial and operational performance, streamlining clinical workflows, and enhancing patient experience [2] - Over 40,000 providers rely on CareCloud for improving patient care while reducing administrative burdens and operating costs [2]
CareCloud Requests Delisting of Series A Preferred Stock after Mandatory Conversion