CareCloud files special meeting proxy to accelerate growth

CareCloud (CCLD) announced the solicitation of proxies from its common stock shareholders to approve an increase in its authorized shares. This increase is designed to support the Company’s growth initiatives and corporate objectives. The board-supported proposal seeks to increase the Company’s authorized shares of Common Stock from 35 million to 85 million. This increase is intended to provide the flexibility needed for strategic growth initiatives, including future acquisitions, and to enable the potential conversion of the Company’s outstanding Series A Preferred Stock to Common Stock. Additionally, it supports investments in organic growth and other corporate priorities.