secwatch.observer — SEC 8-K summary
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Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0001493152-24-026570
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315224026570/0001493152-24-026570-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315224026570/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-026570

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