The Details:
CareCloud said it retained Citizens JMP, prompted by its recent receipt of an unsolicited indication of interest from a third-party to acquire the company.
The company said it received an offer on March 4, 2024, to acquire the company for $5.00 per share of its common stock and the $25 redemption price per share of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock, with no mention of the company's 11% Series A Cumulative Redeemable Perpetual Preferred Stock.
The board of directors thoroughly evaluated the indication of interest and determined it was in the company’s best interests to decline it in its present form.
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How To Buy CCLD Stock:
By now you're likely curious about how to participate in the market for CareCloud – be it to purchase shares, or even attempt to bet against the company.
In the the case of CareCloud, which is trading at $2.30 as of publishing time, $100 would buy you 43.48 shares of stock.
CCLD Price Action: According to Benzinga Pro, CareCloud shares are up 69% at $2.14 at the time of publication Monday.
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