CareCloud Announces Approval of Series A Preferred Stock Proposal
September 11 2024 - 11:30AM
CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO, CCLDP), a
leader in healthcare technology solutions for medical practices and
health systems nationwide, today reconvened its special meeting
(“Special Meeting”) of CareCloud’s Series A Cumulative Redeemable
Perpetual Preferred Stock (the “Series A Preferred Stock”)
shareholders. At the Special Meeting, shareholders representing
more than two-thirds of the outstanding shares of Series A
Preferred Stock approved the preferred stock proposal, which
included an amendment to the Company’s Certificate of Designations,
Preferences and Rights of its Series A Preferred Stock (the
“Preferred Stock Proposal”).
The information contained in this press release
is a summary of certain relevant portions of the Definitive Proxy
Statement and other materials filed with the SEC. The entirety of
the filings are available on the SEC’s website and on
https://ir.carecloud.com/series-a-special-proxy.
About
CareCloudCareCloud brings disciplined innovation
to the business of healthcare. Our suite of technology-enabled
solutions helps clients increase financial and operational
performance, streamline clinical workflows and improve the patient
experience. More than 40,000 providers count on CareCloud to help
them improve patient care while reducing administrative burdens and
operating costs. Learn more about our products and services
including revenue cycle management (RCM), practice management (PM),
electronic health records (EHR), business intelligence, patient
experience management (PXM) and digital health at
www.carecloud.com.
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Company
Contact:Norman RothInterim Chief Financial Officer
and Corporate ControllerCareCloud, Inc. nroth@carecloud.com
Investor Contact:Bill
KornCareCloud, Inc. ir@carecloud.com
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