Financing ·
CareCloud, Inc. announced on July 22, 2026, that Executive Chairman Mahmud Haq and two associated trusts entered into…
CCLDCareCloud, Inc.
CareCloud, Inc. announced on July 22, 2026, that Executive Chairman Mahmud Haq and two associated trusts entered into a Securities Account Pledge Agreement and a Securities Account Control Agreement with Citizens Bank, N.A. to provide additional collateral support for the company's $40 million term loan and $10 million revolving credit facility. As a result of the pledge of 4,300,000 shares of common stock, the company issued a warrant to Mr. Haq to exercise 4,300,000 shares at a $5.00 per share strike price over a five-year term. CareCloud, Inc. is a healthcare technology company providing cloud-based software solutions for medical practices and healthcare providers.