Ontrak (OTRK) Prices 5M Share Offering at $0.80/sh
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Ontrak Announces Registered Direct Offering for Aggregate Gross Proceeds of $4.0 Million Priced At-The-Market Under Nasdaq Rules
August 2, 2022 9:14 AM EDTHENDERSON, Nev.--(BUSINESS WIRE)-- Ontrak, Inc. (NASDAQ: OTRK) (Ontrak or the Company), announced today that it has entered into a securities purchase agreement with institutional investors for the purchase and sale of shares of its common stock at a purchase price of $0.80 per share in a registered direct offering. The per share purchase price is at-the-market in accordance with Nasdaq rules.
Roth Capital Partners is acting as the exclusive placement agent for the offering.
The aggregate gross proceeds to the Company is expected to be approximately $4.0 million before deducting placement... More
