CareCloud Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Other Events, Financial Statements and Exhibits
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As noted on Item 8.01 below, on November 24, 2025, Mr. John N. Daly, an independent director of CareCloud, Inc. (the “Company”), passed away. Mr. Daly was a member of the Company’s Audit Committee and the chairman of the Compensation Committee.
On November 24, 2025, the Company notified the Nasdaq Stock Market (“Nasdaq”) of Mr. Daly’s death and that, because of the loss, (i) the Company did not comply with Nasdaq Listing Rule 5605(b)(1), requiring that a majority of the Company’s Board of Directors (the “Board”) consist of independent directors and (ii) the Company did not comply with Nasdaq Listing Rule 5605(c)(2)(A), requiring that the Company’s Audit Committee consist of at least three members.
On November 25, 2025, the Company received a letter from Nasdaq notifying us of the available cure period. Pursuant to Nasdaq Listing Rule 5605(b)(1)(A) and 5605(c)(4)(B), the Company is entitled to a cure period to regain compliance with Nasdaq Listing Rules, which cure period will expire upon the earlier of the Company’s next annual meeting of shareholders or November 24, 2026.
The Company also informed Nasdaq that the Board plans to regain compliance with the listing rules at its earliest opportunity by appointing an additional independent director of the Company to fill the vacancy on the Company’s Audit Committee.
Item 8.01 Other Events.
The Company deeply regrets to announce that Mr. John N. Daly, a respected director of the Company, passed away on November 24, 2025. Mr. Daly has been a director of the Company since July 2014.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE(S)
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: | November 26, 2025 | By: | /s/ Norman Roth |
Norman Roth Interim Chief Financial Officer and Corporate Controller | |||