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CareCloud redeems all outstanding 8.75% Series B preferred stock

PUBT·05/18/2026 12:03:25
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CareCloud redeems all outstanding 8.75% Series B preferred stock
  • CareCloud completed the full redemption of 100% of its outstanding 8.75% Series B Preferred Stock.
  • The redemption was funded through a new $50 million credit facility led by Citizens Bank with participation from Provident Bank.
  • The company said it plans to tap its existing $60 million at-the-market equity facility only opportunistically at or above $5 per share.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CareCloud Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605180800PRIMZONEFULLFEED9721823) on May 18, 2026, and is solely responsible for the information contained therein.