CareCloud amends 8-K to add Haq stock pledge agreements, 4,300,000-share warrant exhibits
CCLD•Haq pledges shares as additional collateral
Executive Chairman Mahmud Haq and related trusts pledged securities accounts holding 4,300,000 CareCloud shares as additional collateral for the facility.
The credit facility provides a $40 million term loan facility and a $10 million revolving credit facility.
In exchange for the pledge, Haq received a five-year warrant for 4,300,000 shares with a $5 strike price, vesting monthly over 12 months.
Amended 8-K adds pledge and warrant documents
CareCloud filed an amended Form 8-K to add executed collateral and warrant documents tied to its April credit facility.
