Ontrak Inc. Secures Liquidity Boost with $10 Million Agreement from Acuitas Capital
Reuters
May 20, 2025
Ontrak Inc. Secures Liquidity Boost with $10 Million Agreement from Acuitas Capital
Ontrak Inc. announced a new liquidity agreement with Acuitas Capital LLC on May 19, 2025, under the terms of their ongoing Master Note Purchase Agreement. The agreement allows for the issuance of Demand Notes and accompanying warrants for shares of Ontrak's common stock. A notable condition of the agreement is the cap on requests for Acuitas to purchase more than $1.5 million in principal amount of Demand Notes within any 30-day period, subject to Acuitas' consent. Additionally, Acuitas agreed to defer exercising its right to demand payment under these notes until September 1, 2026, or until all $5.0 million in Non-Convertible Demand Notes are purchased. This arrangement provides Ontrak with enhanced financial flexibility as it navigates its operations.
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