Latest Current Report
Filed: 2026-05-15
Key Insights
- CareCloud completed a full redemption of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock on May 15, 2026, paying approximately $41.6 million ($27.52 per share including accumulated dividends), eliminating this preferred equity obligation from the capital structure.
- The Series B Preferred Stock was delisted from Nasdaq as of May 14, 2026, but this action does not affect the company's common stock (CCLD), which continues trading normally on the Nasdaq Global Market.
- This redemption removes a fixed dividend obligation (8.75% annual rate) from the company's balance sheet, potentially improving future cash flow available to common shareholders and reducing financial leverage.