CareCloud adjourns Series A preferred special meeting; 89% proxies vote for preferred stock amendment

CareCloud, Inc.

89% of proxies returned support amendment to Series A preferred certificate; proposal needs two-thirds vote for passage.
Special meeting adjourned to Sept 11, 2024, 11:00 AM ET; 87.8% of required 3.02M proxy votes already received.
If approved, Series A preferred would gain change-of-control protections, dividend matching Series B, and exchange right at $25/share.
Adjournment proposal passed with 2,658,360 for, 272,374 against, 57,105 abstain from 66% of outstanding shares.
Glass Lewis recommended 'for' vote; company optimistic but notes unvoted shares count as 'no' votes.

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