CareCloud, Inc. Terminates Material Definitive Agreement
Ticker: CCLDO · Form: 8-K · Filed: Aug 22, 2025 · CIK: 1582982
| Field | Detail |
|---|---|
| Company | Carecloud, Inc. (CCLDO) |
| Form Type | 8-K |
| Filed Date | Aug 22, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $10 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, corporate-action, filing
Related Tickers: CCLD
TL;DR
CareCloud terminated a big deal, filing an 8-K on 8/18/25.
AI Summary
On August 18, 2025, CareCloud, Inc. reported the termination of a material definitive agreement. The filing also includes financial statements and exhibits related to this event. The company, formerly known as MTBC, Inc., is incorporated in Delaware and based in Somerset, NJ.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement introduces uncertainty regarding the company's contractual obligations and potential financial repercussions.
Key Players & Entities
- CareCloud, Inc. (company) — Registrant
- August 18, 2025 (date) — Date of earliest event reported
- MTBC, Inc. (company) — Former company name
- Delaware (jurisdiction) — State of incorporation
- Somerset, NJ (location) — Business address
FAQ
What was the specific material definitive agreement that CareCloud, Inc. terminated?
The filing does not specify the exact nature or counterparty of the material definitive agreement that was terminated.
What are the potential financial implications of this termination for CareCloud, Inc.?
The filing does not detail the specific financial implications, but the termination of a material agreement typically carries potential consequences.
When was the termination of the material definitive agreement officially reported?
The termination was reported on August 22, 2025, with the earliest event reported being August 18, 2025.
Does this filing provide any information on new agreements or strategic shifts following the termination?
No, this 8-K filing focuses on the termination of a material definitive agreement and related financial statements/exhibits, without detailing subsequent actions.
What is the significance of the former company names 'MTBC, Inc.' and 'MEDICAL TRANSCRIPTION BILLING, CORP' in relation to this filing?
These are former names of CareCloud, Inc., indicating a history of rebranding or corporate restructuring, but are not directly related to the current termination event.
Filing Stats: 503 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2025-08-22 17:00:30
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CCLD Nasdaq Global Market
- $10 million — any with an available line of credit of $10 million. The Company will ultimately replace th
Filing Documents
- form8-k.htm (8-K) — 40KB
- 0001493152-25-012273.txt ( ) — 244KB
- ccld-20250818.xsd (EX-101.SCH) — 4KB
- ccld-20250818_def.xml (EX-101.DEF) — 26KB
- ccld-20250818_lab.xml (EX-101.LAB) — 36KB
- ccld-20250818_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
.02 Termination
Item 1 .02 Termination of a Material Definitive Agreement. On August 18, 2025, CareCloud, Inc. (the "Company") and its wholly owned subsidiaries CareCloud Acquisition, Corp., CareCloud Health, Inc., CareCloud Practice Management, Corp., Meridian Medical Management, Inc. and medSR, Inc. voluntarily terminated its existing secured revolving line of credit agreement dated October 13, 2017 (as was amended from time to time) by and among the Company, such wholly owned subsidiaries and Silicon Valley Bank, a division of First Citizens Bank & Trust Company. The line of credit agreement with Silicon Valley Bank had provided the Company with an available line of credit of $10 million. The Company will ultimately replace this facility with a similar line of credit.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CareCloud, Inc. Date: August 22, 2025 By: /s/ Norman Roth Norman Roth Interim Chief Financial Officer and Corporate Controller 3