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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December
11, 2023
CARECLOUD, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-36529 |
|
22-3832302 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
7 Clyde Road, Somerset, New Jersey, 08873
(Address of principal executive offices, zip code)
(732) 873-5133
(Registrant’s telephone number, including area
code)
Not Applicable
(Former name or former address, if changed since last
report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, par value $0.001 per share |
|
CCLD |
|
Nasdaq Global Market |
11% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share |
|
CCLDP |
|
Nasdaq Global Market |
8.75% Series B Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share |
|
CCLDO |
|
Nasdaq Global Market |
Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
CareCloud, Inc. (the “Company”) is hereby
furnishing the following information under Regulation FD:
On December 11, 2023, the Company issued a press release
announcing that its Board of Directors has suspended its monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred
Stock (“Series A Preferred Stock”) and its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B
Preferred Stock”) beginning with the payment scheduled for December 15, 2023. The suspension of these dividends will defer approximately
$1.3 million in cash dividend payments each month.
A copy of the press release is attached hereto as
Exhibit 99.1 and incorporated herein by reference.
Safe Harbor Statement
Statements contained in the exhibit to report that
state the Company’s or its management’s expectations or predictions of the future are forward-looking statements intended
to be covered by the safe harbor provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended.
It is important to note that the Company’s actual results could differ materially from those projected in such forward-looking statements.
The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances
that exist after the date on which they were made.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
CareCloud, Inc. |
|
|
|
|
|
Date: |
December 11, 2023 |
|
By: |
/s/ A. Hadi Chaudhry |
|
|
|
|
A. Hadi Chaudhry |
|
|
|
|
Chief Executive Officer |
Exhibit
99.1
CareCloud
Announces Suspension of its Dividends on Non-Convertible Series A and Series B Cumulative Redeemable Perpetual Preferred Stock
SOMERSET,
N.J., December 11, 2023 (GLOBE NEWSWIRE) — CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDP, CCLDO),
a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that its Board of Directors
has suspended its monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock (“Series A Preferred
Stock”) and its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B Preferred Stock”) beginning
with the payment scheduled for December 15, 2023. The suspension of these dividends will defer approximately $1.3 million in cash dividend
payments each month. During this suspension, dividends will continue to accrue on the Series A and Series B Preferred Stock. The Board
of Directors will regularly review and consider when the suspension should be lifted.
CareCloud’s
Series A Preferred Stock trades on the Nasdaq Global Market under the ticker symbol “CCLDP.” CareCloud’s Series B Preferred
Stock trades on the Nasdaq Global Market under the ticker symbol “CCLDO.”
About
CareCloud
CareCloud
(Nasdaq: CCLD, CCLDP, CCLDO) 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 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.
For
additional information, please visit our website at www.carecloud.com. To listen to video presentations by CareCloud’s management
team, read recent press releases and view our latest investor presentation, please visit ir.carecloud.com.
Follow
CareCloud on LinkedIn, Twitter and Facebook.
Disclaimer
This
press release is for information purposes only, and does not constitute an offer to sell or solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities laws of such state or jurisdiction.
Forward
Looking Statements
This
press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial
performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,”
“will,” “shall,” “should,” “could,” “intends,” “expects,” “plans,”
“goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,”
“forecasts,” “predicts,” “possible,” “potential,” “target,” or “continue
or the negative of these terms or other comparable terminology.
Our
operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could
materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking
statements in this press release include, without limitation, statements reflecting management’s expectations for future financial
performance and operating expenditures, expected growth, profitability and business outlook, and the expected results from the integration
of our acquisitions.
These
forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are
uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s)
actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance
expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible
for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation,
risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and
existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and
properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop
new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’
products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled
“Risk Factors” in the Company’s filings with the Securities and Exchange Commission. In addition, there is uncertainty
about the spread of the Covid-19 virus and the impact it may have on the Company’s operations, the demand for the Company’s
services, and economic activity in general.
The
statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on
its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events
that occur or circumstances that exist after the date on which they were made.
SOURCE
CareCloud
Company
Contact:
Larry
Steenvoorden
Chief
Financial Officer
CareCloud
IR@carecloud.com
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CareCloud (NASDAQ:CCLDP)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
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과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024