CareCloud, Inc. announced on July 1, 2025, that its public float surpassed $85.1 million as of the market close on June 30, 2025. This milestone triggers a new compliance benchmark under SEC regulations.
Specifically, the company is now required to include an auditor attestation of its Internal Control over Financial Reporting (ICFR) in accordance with Section 404(b) of the Sarbanes-Oxley Act for fiscal year 2025. This is a significant regulatory step.
As its current audit firm lacks the capacity to perform the ICFR attestation, CareCloud has launched a formal process to engage a new audit firm. This change is necessary to ensure full regulatory compliance and timely filing for the upcoming fiscal year.
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