CareCloud announces support for proposal to increase authorized shares

CareCloud (CCLD) announced that approximately 94% of the shares represented by proxies submitted to-date for the common stock special meeting scheduled for January 27, 2025 have voted “FOR” the Board-supported proposal to increase the number of authorized shares. “We are thrilled with the overwhelming support from our shareholders for this important Proposal,” said Stephen Snyder, Co-CEO of CareCloud. “This momentum comes on the heels of a standout 2024, where CareCloud emerged as one of the top-performing stocks with in-year appreciation of over 140%. Approval of the Proposal is vital to enhancing shareholder value and will provide us with the tools to drive sustained revenue and profitability growth in the years ahead.”