Ontrak Inc. Announces $4 Million Public Offering of Common Stock and Warrants
Ontrak, Inc., a leader in value-based behavioral healthcare powered by AI and engagement technology, has announced the pricing of a $4 million public offering. The offering includes 6,666,667 shares of common stock and 26,666,668 warrants to purchase additional shares at $0.60 per share and accompanying warrants. Roth Capital Partners, LLC is serving as the exclusive placement agent for the offering. The exercisability of the warrants, each priced at $0.60, is subject to stockholder approval and will expire on the fifth anniversary of such approval. The offering is anticipated to close on or around June 30, 2025, pending customary closing conditions. Acuitas Group Holdings, LLC and Acuitas Capital LLC have agreed to support the exercisability of the warrants, and will hold a majority of the common stock before the offering's closure.
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