CareCloud Retains Citizens JMP as its Exclusive Capital Structure Advisor
CareCloud, Inc. (CCLD)
Company Research
Source: GlobeNewswire
SOMERSET, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD, CCLDP and CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it has retained Citizens JMP as its exclusive capital structure advisor. The retention of Citizens JMP by the Company was prompted by its recent receipt of an unsolicited indication of interest from a third-party to acquire the Company. The indication of interest proposed a meaningful premium to the common stock, together with treating the Company’s 11% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred Stock”) differently from the Company’s 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock ("Series B Preferred Stock"), by virtue of their respective redemption provisions on a change of control. The Company’s Board of Directors exercised its fiduciary duty to evaluate the indication of interest, which
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CCLD
Earnings
- 5/14/24 - Beat
CCLD
Sec Filings
- 6/20/24 - Form 8-K
- 6/18/24 - Form PRE
- 5/14/24 - Form 10-Q
- CCLD's page on the SEC website