Analyst Summary
- CareCloud declared monthly cash dividends for its 8.75% Series A and Series B Cumulative Redeemable Perpetual Preferred Stock for March and April 2025.
- Series A dividend per share for March and April is $0.18229, with an additional payment of $0.04688 per share.
- Series B dividend per share for March and April is $0.18229.
- The company formally notified the Nasdaq Stock Market LLC of its intent to voluntarily delist its Series A Preferred Stock from the Nasdaq Global Market due to the mandatory conversion of the Series A Preferred Stock into common stock on March 6, 2025.
- CareCloud may redeem additional shares of the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends.
- CareCloud may redeem the Series B Preferred Stock, in whole or in part, at any time or from time to time, for cash at redemption prices of either $25.50, $25.25, or $25.00 per share, plus any accumulated and unpaid dividends, depending on the redemption date.
- Upon the occurrence of a Change of Control, the Company may redeem the Series B Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends.