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4,300,000 shares of CareCloud, Inc. (Nasdaq: CCLD) common stock are now pledged to Citizens Bank, N.A.
under a Securities Account Pledge Agreement executed July 22, 2026, satisfying a post-closing condition on a $50 million credit facility.
The facility, arranged with Citizens Bank as administrative agent and Provident Bank as co-lender, consists of a $40 million term loan and a $10 million revolving credit line.
As consideration for providing that collateral, CareCloud issued Executive Chairman Mahmud Haq a warrant to purchase the same 4,300,000 shares at a $5.00 exercise price over a five-year term.
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