other material
confidence high
sentiment neutral
materiality 0.25
CareCloud amends credit agreement; extends pledge deadline, revises acquisition liquidity condition
CareCloud, Inc.
- Extends deadline for securities account pledge documentation to 105 days from closing date.
- Revises permitted acquisition notice requirements; borrower must deliver purchase agreement and financials 10 business days prior.
- Adds minimum Aggregate Liquidity of $3.0M for permitted acquisitions.
- Adds definitions for Mahmud Family Trust and Mehnaz Family Trust as additional pledgors.