secwatch.observer — SEC 8-K summary
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Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001493152-26-016464
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareCloud closes $50M credit facility, will redeem all Series B Preferred at $27.52/share
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- $40M term loan + $10M revolver with Citizens and Provident; matures in 4 years.
- Full redemption of 1,511,372 Series B Preferred shares on May 15, 2026 at $27.52/share ($25.25 + $2.27 accrued).
- Redemption eliminates ~$3.2M annual preferred dividend; replaces high-cost equity with lower-cost debt.
- Company reports ~$30M annualized adjusted EBITDA; proceeds also for general corporate purposes.
- Executive chairman pledges securities for warrant to buy 4.3M shares at $5.00.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315226016464/0001493152-26-016464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315226016464/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-016464

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer