CareCloud proposes amending Series A Preferred: dividend to 8.75%, adds change-of-control and exchange rights

CareCloud, Inc.

Special meeting of Series A Preferred Shareholders set for August 23, 2024; requires 2/3 approval.
Dividend rate on Series A Preferred cut from 11% to 8.75% per annum, matching Series B.
Company gains option to exchange Series A shares for common stock at $25 liquidation preference plus accrued dividends.
Amendment adds change-of-control protection for Series A holders, similar to Series B terms.
Directors and officers increased common stock ownership to 38.3% as of June 30, 2024, up from 34.7%.

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