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CareCloud Approves Major Increase in Authorized Shares

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CareCloud Approves Major Increase in Authorized Shares

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CareCloud ( (CCLD) ) has shared an update.

On January 27, 2025, CareCloud, Inc. shareholders approved a significant amendment to the company’s certificate of incorporation, increasing the number of authorized common stock shares from thirty-five million to eighty-five million. This amendment, effective February 5, 2025, suggests a strategic move by CareCloud to potentially raise more capital or expand its operations, which could impact its market positioning and stakeholder interests.

More about CareCloud

CareCloud, Inc. is a company operating in the healthcare technology industry, providing cloud-based solutions to improve the efficiency and effectiveness of healthcare delivery.

YTD Price Performance: 7.09%

Average Trading Volume: 191,455

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $66.33M

Learn more about CCLD stock on TipRanks’ Stock Analysis page.

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