MTBC Completes Its Offering of Non-Convertible Preferred Stock with $20.7 Million in Gross Proceeds
CareCloud, Inc. (MTBC)
Last carecloud, inc. earnings: 2/28 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
ir.mtbc.com
Company Research
Source: GlobeNewswire
SOMERSET, N.J., April 27, 2020 (GLOBE NEWSWIRE) -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP) (“MTBC” or the “Company”), a leading provider of cloud-based healthcare IT solutions and services today announced the successful closing of its largest public offering to date of its non-convertible 11% Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock"), comprised of a total of 828,000 shares at a price of $25 per share, for gross proceeds of $20.7 million. After deducting underwriting fees and other offering expenses, the net proceeds of the offering to MTBC are approximately $19 million. MTBC intends to use the net proceeds for working capital, general corporate purposes and growth initiatives, including potential future acquisitions. MTBC initially filed a registration statement for a $15 million offering, which was upsized by 20%, and the underwriters have exercised in full their 30-day option to purchase an additional 108,000 shares for a total o
Show less
Read more
Impact Snapshot
Event Time:
MTBC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MTBC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MTBC alerts
High impacting CareCloud, Inc. news events
Weekly update
A roundup of the hottest topics