CareCloud (MTBC) Prices $25M Preferred Stock Offering

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Go back to CareCloud (MTBC) Prices $25M Preferred Stock Offering

CareCloud (MTBC) Announces Commencement of Public Offering of Preferred Stock

January 27, 2022 8:03 AM EST

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... More