CareCloud Receives Nasdaq Delisting Notice for Bid Price Deficiency

CareCloud Inc. received a notice from Nasdaq on May 14, 2026, stating that the company's common stock had failed to maintain a minimum bid price of $1.00 per share for 30 consecutive business days, according to an 8-K filed with the SEC on May 15, 2026.

The notice falls under Item 3.01 of Form 8-K for notice of delisting or failure to satisfy a listing rule. CareCloud, with CIK 0001582982, is subject to Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00. The company now has 180 calendar days from the date of the notice, until November 10, 2026, to regain compliance by having the bid price close at or above $1.00 for at least 10 consecutive business days.

Prior to the notice, CareCloud maintained its Nasdaq listing without deficiency. The new state requires the company to monitor its share price daily and potentially pursue measures such as a reverse stock split, subject to shareholder approval if needed, to meet the threshold before the period expires.

If the company does not regain compliance by November 10, 2026, Nasdaq will issue a delisting determination, triggering a separate appeal process or further delisting proceedings that require additional SEC filings.

The delisting notice triggers several operational deadlines. CareCloud must evaluate strategic options within the 180-day window and prepare for a potential hearing before a Nasdaq Hearings Panel if it fails to cure. A separate filing under Item 8.01 disclosed other events tied to the notice.

Failure to regain compliance would bar the stock from trading on Nasdaq, forcing any continued trading onto over-the-counter markets and requiring the company to notify shareholders and counterparties under various contracts that reference Nasdaq listing status.

The filing also included Item 9.01 exhibits detailing the notice letter.

This marks the first such delisting notice for CareCloud documented in its recent SEC filings. The company previously operated as MTBC before rebranding to CareCloud and has maintained its Nasdaq Capital Market listing since going public.