Ontrak (OTRK) Announces Follow-On Offering of Non-Convertible Perpetual Preferred Stock
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Ontrak Announces Follow-On Offering of Non-Convertible Perpetual Preferred Stock
December 15, 2020 7:55 AM ESTCompany to use non-dilutive capital for working capital, M&A, investment in technology
SANTA MONICA, Calif.--(BUSINESS WIRE)-- Ontrak, Inc. (NASDAQ: OTRK, OTRKP) (Ontrak or the Company), a leading AI-powered and telehealth enabled, virtualized healthcare company, today announced that it has commenced an underwritten public offering of shares of its Series A Cumulative Perpetual Preferred Stock (the Series A Preferred Stock) with a liquidation preference of $25.00 per share. B. Riley Securities, Ladenburg Thalmann and William Blair are acting as book-running managers for the offering. Aegis Capital Corp., The Benchmark Company, Incapital... More
