Financing ·
CareCloud pledges 4.3M shares as collateral for $50 million in credit facilities
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.