# CareCloud, Inc. (CCLDO) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_4bd3a46e48210c1bc026 · retrieved 2026-08-12T21:25:21.229Z

## Overview
CareCloud, Inc. is a prepackaged software company providing healthcare IT solutions and services.

On July 22, 2026, Mahmud Haq (Executive Chairman) and two trusts he controls pledged 4,300,000 shares of CareCloud common stock to Citizens Bank, N.A. as collateral for the Company's $40 million term loan and $10 million revolving credit facility. In consideration for this pledge, the Company issued Haq a warrant exercisable for 4,300,000 shares at a strike price of $5.00 per share. The warrant has a five-year term, vests monthly over 12 months, and includes customary anti-dilution provisions and net share settlement. The pledge remains in effect until the later of the second anniversary of the credit facility closing or when the Company certifies its consolidated leverage ratio does not exceed 1.25:1.00, and terminates upon full payment of the secured obligations.

## Terms
- Counterparty: Citizens Bank, N.A. · Consideration: stock · Price/share: $5

## Key dates
- Announced 2026-07-24 · Expiry 2031-07-21

## Timeline
- 2026-07-24 · 8-K/A (0001493152-26-034606): 8-K/A - CareCloud, Inc. — *CareCloud, Inc. is a prepackaged software company providing healthcare IT solutions and services.* On July 22, 2026, Mahmud Haq (Executive Chairman) and two trusts he controls pledged 4,300,000 shares of CareCloud common stock to Citizens Bank, N.A. as collateral for the Company's $40 million term loan and $10 million revolving credit facility. In consideration for this pledge, the Company issued Haq a warrant exercisable for 4,300,000 shares at a strike price of $5.00 per share. The warrant has a five-year term, vests monthly over 12 months, and includes customary anti-dilution provisions and net share settlement. The pledge remains in effect until the later of the second anniversary of the credit facility closing or when the Company certifies its consolidated leverage ratio does not exceed 1.25:1.00, and terminates upon full payment of the secured obligations.
  https://www.sec.gov/Archives/edgar/data/1582982/0001493152-26-034606.txt

## Citations
- 0001493152-26-034606 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034606