CareCloud, Inc. announced on March 11, 2025, its formal notification to The Nasdaq Stock Market LLC of its intent to voluntarily delist its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (CCLDP). This decision follows the recent mandatory conversion of most Series A Preferred Stock into common stock.
The security no longer complies with Nasdaq’s continued listing requirements after the conversion. The company expects to file a Form 25 with the Securities and Exchange Commission around March 21, 2025.
The delisting of the Series A Preferred Stock is expected to be effective on or about March 31, 2025. This is a procedural step resulting from the company's capital structure changes.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.