Ontrak Announces Follow-On Offering of Non-Convertible Perpetual Preferred Stock

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Go back to Ontrak Announces Follow-On Offering of Non-Convertible Perpetual Preferred Stock

Ontrak (OTRK) Announces Pricing of Follow-On Offering of Non-Convertible Perpetual Preferred Stock

December 16, 2020 8:03 AM EST

Ontrak, Inc. (NASDAQ: OTRK) (Ontrak or the Company), a leading AI-powered and telehealth enabled, virtualized healthcare company, today announced that it has priced its previously announced underwritten public offering of 1,730,000 shares of its 9.50% Series A Cumulative Perpetual Preferred Stock (the Series A Preferred Stock) at $24.75 per share, for gross proceeds to the Company of approximately $42.8 million. The Company has granted the underwriters a... More