Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Wed, January 19, 3:50 AM
|This Slide: #220 of 578|
Slide #220. MTBC — Preferred Stock Offering
MTBC (MTBC )
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP) a leading provider of proprietary, cloud-based electronic health records, practice management and mHealth solutions, today announced a proposed public offering of up to 340,000 additional shares of its non-convertible Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") for $25 per share with gross proceeds of up to $8.5 million. The Series A Preferred Stock currently trades on Nasdaq with ticker MTBCP, and this offering represents additional shares of the same security. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be consummated, or as to the actual size or terms of the offering.
CareCloud is a healthcare information technology company that provides a suite of proprietary cloud-based solutions, together with related business services, to healthcare providers and hospitals throughout the U.S. Co.'s Software-as-a-Service platform includes revenue cycle management, practice management, electronic health record, business intelligence, telehealth, patient experience management solutions and complementary software tools and business services for medical groups and health systems. Co.'s main product and services portfolio is organized across four areas: core software products; tech-enabled and business services; Apps and App Ecosystem Partners; and on-demand Workforce.
Open the MTBC Page at Preferred Stock Channel »
Free MTBC Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Strong Buy (3.86 out of 4)
(ranked higher than approx. 69% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com