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Strong Buy (4.00 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wednesday, December 4, 12:02 AM
Slide #41. CareCloud, Inc. — Preferred Stock Offering
| Company: |
CareCloud, Inc. (MTBC) |
| Date announced: |
1/27/2022 |
| Shares Offered: |
1,000,000 |
| Date of Pricing: |
1/28/2022 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
CareCloud, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced the commencement of a $25 million underwritten public offering of its non-convertible Series B Cumulative Redeemable Perpetual Preferred Stock with liquidation preference of $25.00 per share ("Series B Preferred Stock"). In connection with the offering, CareCloud expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the Series B Preferred Stock offered in the public offering. The Company has filed an application to list the Series B Preferred Stock on the Nasdaq Global Market under the symbol "MTBCO." If the application is approved, trading of the Series B Preferred Stock is expected to begin within 30 days after the initial delivery of shares to the underwriters. -updated 1/28- CareCloud, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in healthcare technology solutions for medical practices and health systems nationwide, announced today that it has priced an underwritten public offering of 1,000,000 shares of non-convertible 8.75% Cumulative Redeemable Perpetual Preferred Stock ("Series B Preferred Stock") at a price of $25.00 per share for gross proceeds of $25,000,000, and the Series B Preferred Stock will trade on the Nasdaq Global Market with the ticker symbol "MTBCO." In connection with the offering, CareCloud has granted the underwriters a 30-day option to purchase up to an additional 150,000 shares of Series B Preferred Stock. The offering is expected to close on February 2, 2022, subject to customary closing conditions. |
CareCloud is a healthcare information technology company that provides a suite of proprietary cloud-based solutions and related business services, to healthcare providers, from small practices to enterprise medical groups, hospitals, and health systems throughout the U.S. Co.'s Software-as-a-Service platforms include practice management, electronic health record, business intelligence, telehealth, patient experience management solutions, and robotic processing automation bots, along with complementary software tools and business services such as revenue cycle management, premiere healthcare consulting and implementation services, and on-demand workforce staffing capabilities. Preferred: MTBCP
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