CareCloud announces Glass Lewis recommends voting ‘Yes’

CareCloud announced that Glass Lewis, a leading proxy voting advisory firm, has analyzed CareCloud’s Series A Preferred Stock Proposals and recommends a “yes” vote for the proposals at the upcoming special meeting of the holders of CareCloud’s 11% Series A Cumulative Redeemable Perpetual Preferred Stock. “We recommend that shareholders vote FOR (the Preferred Stock Proposals),” concluded Glass Lewis in its report dated July 31, 2024. Its report also provides an analysis of CareCloud’s capital structure, an overview of the proposals, the Board’s thought process in making the recommendations, and Glass Lewis’ conclusion that the amendment will not have a negative impact on shareholders.