UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
14A
Proxy
Statement Pursuant to Section 14(a) of the Securities
Exchange
Act of 1934
Filed
by the Registrant ☒
Filed
by a Party other than the Registrant ☐
Check
the appropriate box:
☐ |
Preliminary
Proxy Statement |
☐ |
CONFIDENTIAL,
FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(e)(2)) |
☐ |
Definitive
Proxy Statement |
☒ |
Definitive
Additional Materials |
☐ |
Soliciting
Material under § 240.14a-12 |
CareCloud,
Inc. |
(Name
of Registrant as Specified In Its Charter) |
|
|
(Name
of Person(s) Filing Proxy Statement, if other than the Registrant) |
Payment
of Filing Fee (Check all boxes that apply):
☒ |
|
No
fee required. |
|
|
|
☐ |
|
Fee
paid previously with preliminary materials. |
|
|
|
☐ |
|
Fee
computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
CareCloud
Announces 94% Shareholder Support for Proposal to Increase Authorized Shares
SOMERSET,
N.J., January 6, 2025 (GLOBE NEWSWIRE) – CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO, CCLDP),
a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that approximately 94%
of the shares represented by proxies submitted to-date for the common stock special meeting scheduled for January 27, 2025 (the
“Special Meeting”) have voted “FOR” the Board-supported proposal to increase the number of authorized
shares (the “Proposal”).
The
Proposal seeks to increase the Company’s authorized common stock to provide greater strategic flexibility. The additional
shares will enable CareCloud to pursue future acquisitions, support organic expansion, and facilitate the potential conversion
of the Company’s outstanding Series A Preferred Stock into common stock. The increase also supports other corporate objectives
to position the Company for long-term growth.
“We
are thrilled with the overwhelming support from our shareholders for this important Proposal,” said Stephen Snyder, Co-CEO
of CareCloud. “This momentum comes on the heels of a standout 2024, where CareCloud (Nasdaq: CCLD) emerged as one of the top-performing
stocks with in-year appreciation of over 140%. Approval of the Proposal is vital to enhancing shareholder value and will provide us with
the tools to drive sustained revenue and profitability growth in the years ahead.”
The
Company strongly encourages shareholders who have not yet submitted their proxies to do so before the deadline of January 23, 2025.
The
details of this press release summarize information from the Definitive Proxy Statement and related filings with the U.S. Securities
and Exchange Commission (“SEC”). Shareholders are encouraged to review these documents in their entirety, which are available
on the SEC’s website and at https://ir.carecloud.com/common-stock-special-proxy/. Proxy solicitation efforts are ongoing,
and future results may differ from current trends.
About
CareCloud
CareCloud
brings disciplined innovation to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial
and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud
to help them improve patient care while reducing administrative burdens and operating costs. Learn more about our products and services
including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience
management (PXM) and digital health at www.carecloud.com.
Follow
CareCloud on LinkedIn, X and Facebook.
Important
Additional Information and Where to Find It. CareCloud filed with the SEC a Definitive Proxy Statement on Schedule 14A
on December 5, 2024, with respect to its future solicitation of proxies for the Special Meeting of Common Stock Shareholders
(including any and all adjournments, postponements, continuations, and reschedulings thereof).
The information contained in this press release is merely a summary of certain relevant portions of the Definitive Proxy Statement
and it is important that shareholders review the entirety of the filing. SHAREHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY
STATEMENT AND ANY OTHER AMENDMENTS OR SUPPLEMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL
CONTAIN IMPORTANT INFORMATION ABOUT CARECLOUD’S FILING. Investors and security holders may obtain copies of these
documents and other documents filed with the SEC by CareCloud free of charge through the website maintained by
the SEC at www.sec.gov. The Notice of the Special Meeting of Common Stock Shareholders and our Definitive Proxy
Statement for the Special Meeting, the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and our
Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 are available at www.sec.gov.
Forward-Looking
Statements
This
press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial
performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,”
“will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,”
“goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,”
“predicts,” “possible,” “potential,” “target,” or “continue” or the negative
of these terms or other comparable terminology.
Our
operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could
materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking
statements in this press release include, without limitation, statements reflecting management’s expectations for future financial
performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial
performance and business activities, and the expected results from the integration of our acquisitions.
These
forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are
uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s)
actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance
expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible
for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation,
risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and
existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and
properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop
new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’
products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled
“Risk Factors” in the Company’s filings with the Securities and Exchange Commission.
The
statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on
its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events
that occur or circumstances that exist after the date on which they were made.
SOURCE
CareCloud
Company
Contact:
Norman
Roth
Interim
Chief Financial Officer and Corporate Controller
CareCloud,
Inc.
nroth@carecloud.com
Investor
Contact:
Stephen
Snyder
Co-Chief
Executive Officer
CareCloud,
Inc.
ir@carecloud.com
CareCloud (NASDAQ:CCLDP)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
CareCloud (NASDAQ:CCLDP)
Historical Stock Chart
Von Jan 2024 bis Jan 2025