secwatch.observer — SEC 8-K summary
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Issuer:     CareCloud, Inc. (CCLD)
CIK:        0001582982
Form:       8-K/A
Filed at:   2026-07-24T21:00:46+00:00
Accession:  0001493152-26-034606
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01, 1.01
LLM model:  deepseek-v4-flash:cloud@v2

CareCloud executive chairman pledges 4.3M shares as collateral; receives warrant for same number at $5.00
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- Mahmud Haq and two trusts pledged 4,300,000 shares of CCLD common stock to Citizens Bank as additional collateral for $40M term loan and $10M revolver.
- In consideration, CareCloud issued Haq a 5-year warrant for 4,300,000 shares at $5.00 strike, vesting monthly over 12 months.
- Pledge remains until later of 2 years from closing or when consolidated leverage ratio ≤1.25x; terminates upon full repayment.
- Control Agreement allows Citizens to take exclusive control of pledged accounts after an event of default and 15-business-day cure period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582982/000149315226034606/0001493152-26-034606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582982/000149315226034606/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-034606

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