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    OTRK   US6833731044

ONTRAK, INC.

(OTRK)
  Report
Delayed Nasdaq  -  04:00:00 2023-02-03 pm EST
1.060 USD   +3.92%
01/19Ontrak Health to Present at the Maxim Group's Healthcare IT Virtual Conference
BU
01/19New data shows significant reduction in depression and anxiety symptoms for ontrak health's innovative wholehealth+ program members
AQ
01/18Ontrak Reports Improvement in Mental Health Data for Wholehealth+ Program; Shares Jump
MT
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Ontrak, Inc. announced that it expects to receive $25 million in funding

04/15/2022 EST

Ontrak, Inc. announced that it has entered into a Master Note Purchase Agreement to issue senior secured convertible note for gross proceeds of $25,000,000 on April 15, 2022. The transaction will include participation from Acuitas Capital LLC and certain other parties. The company may borrow the amount from time to time through the earlier of the date on which the company files a report with the SEC that states that there is substantial doubt regarding the company's ability to continue as a going concern during the twelve month period following such filing and September 1, 2023.

The company will also issue warrants to purchase common shares. The number of shares underlying each Keep Well Warrant will be equal to (y) the product of the principal amount of the applicable Keep Well Note and 20% divided by (z) the exercise price of the applicable Keep Well Warrant. Each Keep Well Warrant will have a term of five years and an exercise price equal to $1.69, which was the consolidated closing bid price of the shares as reported by Nasdaq immediately preceding the time the parties entered into the Keep Well Agreement.

Each Keep Well Warrant will contain customary adjustment provisions in the event of stock splits, combinations, and similar transactions, and will provide specified information, registration and indemnification rights to the holder. Assuming the full borrowing of the available amount under the Keep Well Agreement, the aggregate number of shares underlying the Keep Well Warrants will be equal to 2,958,580. The transaction is subject to shareholder approval.

The company agrees to timely file a Form D with respect to the Equity Securities as required under Regulation D under the Securities Act and to provide a copy thereof to Purchaser promptly upon request.


ę S&P Capital IQ 2022
All news about ONTRAK, INC.
01/19Ontrak Health to Present at the Maxim Group's Healthcare IT Virtual Conference
BU
01/19New data shows significant reduction in depression and anxiety symptoms for ontrak heal..
AQ
01/18Ontrak Reports Improvement in Mental Health Data for Wholehealth+ Program; Shares Jump
MT
01/18Top Midday Gainers
MT
01/18New Data Shows Significant Reduction in Depression and Anxiety Symptoms For Ontrak Heal..
BU
01/09Ontrak Health and Optima Health Sign New Amendment to Impact Highest Acuity Members
BU
01/09Ontrak, Inc. and Optima Health Signs New Amendment to Impact Highest Acuity Members
CI
01/04Ontrak, Inc. : Entry into a Material Definitive Agreement, Financial Statements and Exhibi..
AQ
2022Prestigious American Journal of Managed Care Publishes Landmark Ontrak Treatment Effect..
BU
2022Ontrak Announces Receipt of Notice from Nasdaq Regarding Non-Compliance of its 9.50% Se..
AQ
More news
Analyst Recommendations on ONTRAK, INC.
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Financials (USD)
Sales 2021 84,1 M - -
Net income 2021 -37,1 M - -
Net cash 2021 18,8 M - -
P/E ratio 2021 -2,55x
Yield 2021 -
Capitalization 28,9 M 28,9 M -
EV / Sales 2020 12,6x
EV / Sales 2021 1,21x
Nbr of Employees 241
Free-Float 62,7%
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Technical analysis trends ONTRAK, INC.
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Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 1,06
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Terren S. Peizer Executive Chairman & Chief Executive Officer
Brandon H. LaVerne Co-President & Chief Operating Officer
Mary Louise Osborne Co-President & Chief Commercial Officer
James J. Park Chief Financial & Accounting Officer
Arik Hill Chief Information Officer