CareCloud Announces Preferred Stock Dividend Payments
The following table shows the monthly dividends and associated record and payment dates:
July 2025 August 2025 September 2025
Series A dividend per share $ 0.18229 $ 0.18229 $ 0.18229
Series A additional payment per share $ 0.04688 $ 0.04688 $ 0.04688
Series B dividend per share $ 0.18229 $ 0.18229 $ 0.18229
Ex-dividend date July 31, 2025 August 31, 2025 September 30, 2025
Record date July 31, 2025 August 31, 2025 September 30, 2025
Payment date August 15, 2025 September 15, 2025 October 15, 2025
Holders of shares of the Series A Preferred Stock as of the record date are entitled to receive cumulative cash dividends at the rate of 8.75% per annum of the $25.00 per share liquidation preference (equivalent to $2.1875 per annum per share). Additionally, since this payment will be credited against the oldest dividend due (at which point in time, the cash dividend rate was 11% per annum), the Board authorized an additional payment equal to 2.25% per share of Series A Preferred Stock. For clarity, previous holders of Series A Preferred Stock that were converted on March 6, 2025, already received dividends paid in shares up and through March 6, 2025, and will not receive either the dividend payment or the additional payment per share.
Holders of shares of the Series B Preferred Stock as of the record date are entitled to receive cumulative cash dividends at the rate of 8.75% per annum of the $25.00 per share liquidation preference (equivalent to $2.1875 per annum per share).
Dividends on the Series A Preferred Stock and Series B Preferred Stock are cumulative and payable monthly on the 15 th day of each month; provided that if any dividend payment date is not a business day, then the dividend may be paid on the next succeeding business day. Dividends are payable to holders of record on the applicable record date, which is the last day of the calendar month, whether or not a business day.
About CCLDP
Due to the mandatory conversion of the Series A Preferred Stock into common stock on March 6, 2025, the Company delisted its Series A Preferred Stock from the Nasdaq Global Market since the security no longer complies with Nasdaq's continued listing requirements. The Company may, at its option, upon not less than 30 nor more than 60 days' written notice, redeem additional shares of the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption.
About CCLDO
CareCloud's Series B Preferred Stock trades on the Nasdaq Global Market under the ticker symbol 'CCLDO.' The Company may, at its option, upon not less than 30 nor more than 60 days' written notice, redeem the Series B Preferred Stock, in whole or in part, at any time or from time to time, for cash at redemption prices of either $25.50 per share (for redemptions on and after February 15, 2025 and prior to February 15, 2026), $25.25 per share (for redemptions on and after February 15, 2026 and prior to February 15, 2027), or $25.00 per share (for redemptions on and after February 25, 2027), plus any accumulated and unpaid dividends thereon to, but not including, the date fixed for redemption. Upon the occurrence of a Change of Control, the Company may, at its option, upon not less than 30 nor more than 60 days' written notice, redeem the Series B Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon to, but not including, the redemption date.
About CareCloud
CareCloud brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs. Learn more about our products and services including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health at carecloud.com.
Follow CareCloud on LinkedIn, X and Facebook.
For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud's management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.
Disclaimer
This press release is for information purposes only, and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
Forward-Looking Statements
This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'might,' 'will,' 'shall,' 'should,' 'could', 'intends,' 'expects,' 'plans,' 'goals,' 'projects,' 'anticipates,' 'believes,' 'seeks,' 'estimates,' 'predicts,' 'possible,' 'potential,' 'target,' or 'continue' or the negative of these terms or other comparable terminology.
Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management's expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.
These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry's) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company's ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies' products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled 'Risk Factors' in the Company's filings with the Securities and Exchange Commission.
The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
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These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'hope,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'design,' 'pipeline,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. 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Adjusted EBITDA, as we define it, refers to net income (loss) before amortization of property, plant, equipment and amortization of intangible assets, finance costs, interest on pension and other post-employment benefit obligations, income taxes, foreign exchange loss (gain), finance income, carbon tax, changes in fair value of warrant, earnout and share-based compensation liabilities, share-based compensation related to the Company's Omnibus Long Term Incentive Plan, certain inventory write-downs and legal settlement. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenue for the corresponding period. Adjusted EBITDA is not intended to represent cash flow from operations, as defined by IFRS Accounting Standards, and should not be considered as alternatives to net profit (loss) from operations, or any other measure of performance prescribed by IFRS Accounting Standards. Adjusted EBITDA, as we define and use it, may not be comparable to Adjusted EBITDA as defined and used by other companies. We consider Adjusted EBITDA to be a meaningful measure to assess our operating performance in addition to IFRS Accounting Standards. It is included because we believe it can be useful in measuring our operating performance and our ability to expand our business and provide management and investors with additional information for comparison of our operating results across different time periods and to the operating results of other companies. Adjusted EBITDA is also used by analysts and our lenders as a measure of our financial performance. In addition, we consider Adjusted EBITDA margin to be a useful measure of our operating performance and profitability across different time periods that enhance the comparability of our results. However, these measures have limitations as analytical tools and should not be considered in isolation from, or as alternatives to, net income, cash flow from operations or other data prepared in accordance with IFRS Accounting Standards. Because of these limitations, such measures should not be considered as measures of discretionary cash available to invest in business growth or to reduce indebtedness. We compensate for these limitations by relying primarily on our IFRS Accounting Standards results using such measures only as supplements to such results. See the financial tables below for a reconciliation of net income (loss) to Adjusted EBITDA. About Algoma Steel Group Inc. Based in Sault Ste. Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate. Driven by a purpose to build better lives and a greener future, Algoma is positioned to deliver responsive, customer-driven product solutions to applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier of steel products to customers in North America and is the only producer of discrete plate products in Canada. Its state-of-the-art Direct Strip Production Complex ('DSPC') is one of the lowest-cost producers of hot rolled sheet steel (HRC) in North America. Algoma is on a transformation journey, modernizing its plate mill and adopting electric arc technology that builds on the strong principles of recycling and environmental stewardship to significantly lower carbon emissions. Today Algoma is investing in its people and processes, working safely, as a team to become one of North America's leading producers of green steel. As a founding industry in their community, Algoma is drawing on the best of its rich steelmaking tradition to deliver greater value, offering North America the comfort of a secure steel supply and a sustainable future. Algoma Steel Group Inc. Condensed Interim Consolidated Statements of Financial Position (Unaudited) As at, June 30, 2025 December 31, 2024 expressed in millions of Canadian dollars Assets Current Cash $ 82.5 $ 266.9 Restricted cash 0.1 0.1 Taxes receivable 116.0 84.3 Accounts receivable, net 253.6 227.6 Inventories 736.3 879.2 Prepaid expenses and deposits 30.3 42.8 Other assets 5.0 5.5 Total current assets $ 1,223.8 $ 1,506.4 Non-current Property, plant and equipment, net $ 1,705.8 $ 1,662.7 Intangible assets, net 0.4 0.5 Other assets 15.6 16.6 Total non-current assets $ 1,721.8 $ 1,679.8 Total assets $ 2,945.6 $ 3,186.2 Liabilities and Shareholders' Equity Current Bank indebtedness $ 16.4 $ 0.4 Accounts payable and accrued liabilities 348.4 319.1 Taxes payable and accrued taxes 54.5 41.6 Current portion of other long-term liabilities 3.5 3.2 Current portion of governmental loans 25.0 25.0 Current portion of environmental liabilities 3.7 4.2 Warrant liability 16.8 52.2 Earnout liability 6.2 10.1 Share-based payment compensation liability 23.4 34.5 Total current liabilities $ 497.9 $ 490.3 Non-current Senior secured lien notes $ 473.5 $ 498.4 Long-term governmental loans 133.1 133.6 Accrued pension liability 178.3 178.3 Accrued other post-employment benefit obligation 203.5 206.2 Other long-term liabilities 26.9 26.7 Environmental liabilities 35.5 33.3 Deferred income tax liabilities 103.8 110.9 Total non-current liabilities $ 1,154.6 $ 1,187.4 Total liabilities $ 1,652.5 $ 1,677.7 Shareholders' equity Capital stock $ 975.5 $ 974.8 Accumulated other comprehensive income 366.5 439.6 (Deficit) retained earnings (48.1) 102.0 Contributed deficit (0.8) (7.9) Total shareholders' equity $ 1,293.1 $ 1,508.5 Total liabilities and shareholders' equity $ 2,945.6 $ 3,186.2 Algoma Steel Group Inc. Condensed Interim Consolidated Statements of Net (Loss) Income (Unaudited) Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 expressed in millions of Canadian dollars, except for per share amounts Revenue $ 589.7 $650.5 $ 1,106.8 $1,271.1 Operating expenses Cost of sales $ 643.8 $633.8 $ 1,269.9 $1,219.2 Administrative and selling expenses 31.0 29.2 61.9 61.3 Loss from operations ($ 85.1) ($12.5) ($ 225.0) ($9.4) Other (income) and expenses Finance income ($ 2.5) ($5.4) ($ 5.3) ($6.6) Finance costs 18.5 16.4 36.3 26.1 Interest on pension and other post-employment benefit obligations 3.9 5.4 7.9 10.3 Foreign exchange loss (gain) 31.5 (6.8) 32.4 (22.6) Other income - - (50.0) - Change in fair value of warrant liability 4.6 (15.6) (34.5) (30.9) Change in fair value of earnout liability 1.3 (2.5) (3.1) (5.9) Change in fair value of share-based compensation liability 5.1 (5.8) (10.3) (10.6) $ 62.4 ($14.3) ($ 26.6) ($40.2) (Loss) income before income taxes ($ 147.5) $1.8 ($ 198.4) $30.8 Income tax recovery (36.9) (4.3) (63.3) (3.3) Net (loss) income ($ 110.6) $6.1 ($ 135.1) $34.1 Net (loss) income per common share Basic ($ 1.02) $0.06 ($ 1.24) $0.31 Diluted ($ 1.02) ($0.07) ($ 1.28) $0.02 Algoma Steel Group Inc. Condensed Interim Consolidated Statements of Cash Flows (Unaudited) Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 expressed in millions of Canadian dollars Operating activities Net (loss) income ($ 110.6) $6.1 ($ 135.1) $34.1 Items not affecting cash: Depreciation of property, plant and equipment and intangible assets 38.2 33.2 73.2 68.0 Deferred income tax expense (recovery) 0.5 (5.3) (1.5) (10.5) Pension funding in excess of expense (3.3) (1.9) (5.1) (3.1) Post-employment benefit funding in excess of expense (1.7) (1.7) (3.4) (3.8) Unrealized foreign exchange loss (gain) on: accrued pension liability 9.1 (2.4) 9.3 (8.1) post-employment benefit obligations 10.8 (2.3) 11.0 (8.1) Finance costs 18.5 16.4 36.3 26.1 Loss on disposal of property, plant and equipment - 1.1 - 1.6 Interest on pension and other post-employment benefit obligations 3.9 5.4 7.9 10.3 Other income - - (50.0) - Accretion of governmental loans and environmental liabilities 5.1 3.9 9.1 11.7 Unrealized foreign exchange loss (gain) on government loan facilities 8.1 (1.3) 8.3 (4.7) Increase (decrease) in fair value of warrant liability 4.6 (15.6) (34.5) (30.9) Increase (decrease) in fair value of earnout liability 1.3 (2.5) (3.1) (5.9) Increase (decrease) in fair value of share-based compensation liability 5.1 (5.8) (10.3) (10.6) Other 7.7 1.2 12.3 0.2 ($ 2.7) $28.5 ($ 75.6) $66.3 Net change in non-cash operating working capital (70.1) (15.8) 95.3 68.3 Environmental liabilities paid (0.1) (0.2) (0.5) (0.9) Insurance proceeds for operating expenses 35.0 - 35.0 - Cash (used in) generated by operating activities ($ 37.9) $12.5 $ 54.2 $133.7 Investing activities Acquisition of property, plant and equipment ($ 97.4) ($98.3) ($ 224.4) ($218.7) Insurance proceeds for property damage 15.0 - 15.0 - Cash used in investing activities ($ 82.4) ($98.3) ($ 209.4) ($218.7) Financing activities Bank indebtedness advanced (repaid), net $ 16.1 $0.0 $ 16.0 ($5.1) Senior secured lien notes issued, net of underwriter fees - 472.6 - 472.6 Transaction costs on senior secured lien notes - (4.1) - (4.1) Governmental loans received 16.3 14.5 16.3 30.0 Repayment of governmental loans (6.2) (2.5) (12.5) (5.0) Interest paid (23.4) (0.1) (24.5) (0.2) Dividends paid (14.8) - (14.8) (7.1) Other (0.7) (0.5) 1.5 (0.9) Cash (used in) generated by financing activities ($ 12.7) $479.9 ($ 18.0) $480.2 Effect of exchange rate changes on cash ($ 11.0) $1.4 ($ 11.2) $3.5 Cash (Decrease) increase in cash (144.0) 395.5 (184.4) 398.7 Opening balance 226.5 97.9 266.9 94.7 Ending balance $ 82.5 $493.4 $ 82.5 $493.4 Algoma Steel Group Inc. Reconciliation of Net (Loss) Income to Adjusted EBITDA Three months ended June 30, Six months ended June 30, millions of dollars 2025 2024 2025 2024 Net (loss) income ($ 110.6) $6.1 ($ 135.1) $34.1 Depreciation of property, plant and equipment and amortization of intangible assets 38.2 33.2 73.2 68.0 Finance costs 18.5 16.4 36.3 26.1 Interest on pension and other post-employment benefit obligations 3.9 5.4 7.9 10.3 Income tax recovery (36.9) (4.3) (63.3) (3.3) Foreign exchange loss (gain) 31.5 (6.8) 32.4 (22.6) Finance income (2.5) (5.4) (5.3) (6.6) Inventory adjustments (depreciation on property, plant and equipment in inventory) 0.5 6.4 1.5 2.5 Carbon tax 10.4 9.5 13.9 15.9 Increase (decrease) in fair value of warrant liability 4.6 (15.6) (34.5) (30.9) Increase (decrease) in fair value of earnout liability 1.3 (2.5) (3.1) (5.9) Increase (decrease) in fair value of share-based payment compensation liability 5.1 (5.8) (10.3) (10.6) Share-based compensation 3.6 1.1 7.4 2.3 Adjusted EBITDA (i) ($ 32.4) $37.7 ($ 79.0) $79.3 Net (loss) income Margin (18.8 %) 0.9 % (12.2 %) 2.7 % Net (loss) income / ton ($ 234.3) $12.1 ($ 143.5) $35.7 Adjusted EBITDA Margin (ii) (5.5 %) 5.8 % (7.1 %) 6.2 % Adjusted EBITDA / ton ($ 68.6) $74.9 ($ 83.9) $83.1 (i) See "Non-IFRS Financial Measures" in this Press Release for information regarding the limitations of using Adjusted EBITDA. (ii) Adjusted EBITDA Margin is Adjusted EBITDA as a percentage of revenue.
Globe and Mail
3 hours ago
- Globe and Mail
MaxLinear, Inc. Announces Third Quarter 2025 Financial Conference Participation
MaxLinear, Inc. (Nasdaq: MXL), a leading provider of RF, analog, digital and mixed-signal integrated circuits, today announced that it will participate in the following financial conferences in the third quarter 2025: Oppenheimer 28 th Annual Technology, Internet & Communications Virtual Conference on Aug. 12 th. MaxLinear's presentation is scheduled for 11:55 a.m. PT. A webcast of the session will be available at Needham Virtual Semiconductor & SemiCap Conference on Aug. 21 st Stifel Tech Executive Summit in Deer Valley, UT on Aug. 25 th Jefferies Semiconductor IT Hardware & Communications Technology Conference in Chicago on Aug. 26 th Deutsche Bank 2025 Technology Conference in Dana Point on Aug. 28 th Benchmark 2025 TMT Conference in New York on Sept. 3 rd About MaxLinear, Inc. MaxLinear, Inc. (Nasdaq:MXL) is a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multi-market applications. MaxLinear is headquartered in Carlsbad, California. For more information, please visit MXL is MaxLinear's registered trademark. Other trademarks appearing herein are the property of their respective owners.
