CareCloud Requests Delisting of Series A Preferred Stock after Mandatory Conversion
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CareCloud, Inc. plans to voluntarily delist its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock from the Nasdaq Global Market following a mandatory conversion.
March 11, 2025 | 11:15 am
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CareCloud, Inc. is set to delist its Series A Preferred Stock from Nasdaq following a mandatory conversion, which may affect the stock's liquidity and market perception.
The delisting of CCLDP from Nasdaq could lead to reduced liquidity and visibility, potentially impacting investor sentiment negatively. The mandatory conversion suggests a strategic shift, but the immediate market reaction may be cautious.
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