CareCloud redeems preferred stock with $50 million credit facility
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CareCloud Completes Full Redemption of Series B Preferred Stock, Capping a Decade of Transformational Growth and Profitability
May 18, 2026 8:00 AM EDTCompany intends to access growth capital opportunistically only at or above $5.00 per share through its existing $60 million ATM facility
SOMERSET, N.J., May 18, 2026 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD), (CareCloud or the Company), a leader in AI-powered healthcare technology and revenue cycle management solutions, today announced the full redemption of 100% of its outstanding 8.75% Series B Preferred Stock, marking a major milestone in the Companys multi-year transformation and capital structure evolution.
The redemption was funded through CareClouds recently secured $50 million credit facility, led... More
