CareCloud requests delisting of Series A Preferred Stock

CareCloud (CCLD) will formally notify The Nasdaq Stock Marketof its intent to voluntarily delist its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock from the Nasdaq Global Market. The Company expects to file a Form 25 with the Securities and Exchange Commission relating to the voluntary delisting of its Series A Preferred Stock on or about March 21, 2025, since the security no longer complies with Nasdaq’s continued listing requirements following the recent mandatory conversion of each share of Series A Preferred Stock not held by a “material shareholder” into 7.3358 shares of the Company’s common stock. The Company expects the delisting of the Series A Preferred Stock to be effective on or about March 31, 2025.