Ontrak, INC

Ontrak, Inc. announced its board of directors approved a voluntary petition for Chapter 7 bankruptcy, leading to the immediate resignation of all board members.

Ontrak, Inc. received a delisting notice from Nasdaq due to failing the minimum bid price rule and being deemed a public shell, following its decision to cease operations.

Ontrak, Inc. announced its board of directors decided to cease operations and terminate all employees, including executive officers, effective July 31, 2025, due to a significant sales prospect withdrawal and inability to secure further funding.

Ontrak, Inc. announced that a significant prospect, representing up to 29,000 potential lives across its Wholehealth+ and Engage programs, has decided not to pursue a partnership, citing financial stability and program delivery concerns.

Ontrak, Inc. has successfully closed a public offering raising approximately $3.24 million in net proceeds through the sale of common stock, pre-funded warrants, and common warrants, earmarked for working capital and general corporate purposes.

Ontrak, Inc. has entered into a Seventh Amendment to its Master Note Purchase Agreement with Acuitas Capital LLC, securing a commitment for up to $8.45 million in senior secured convertible promissory notes and potentially more, while also adjusting terms for existing warrants, leading to substantial shareholder dilution.

Ontrak's Q1 2025 results reveal a net loss and continued going concern uncertainty, despite efforts to secure additional funding.

Ontrak Inc.'s Q3 2024 results reveal a decrease in revenue and a net loss, alongside ongoing concerns about the company's ability to continue as a going concern.

Ontrak's Q2 2024 results show a decrease in revenue and a net loss, alongside ongoing cost-cutting measures and debt financing activities.

Ontrak, Inc. reported a 6% increase in revenue for the first quarter of 2024 compared to the same period last year, alongside a reduction in operating expenses.

Ontrak, Inc.'s 2024 10-K filing reveals a net loss of $25.49 million and raises substantial doubt about the company's ability to continue as a going concern due to recurring losses and the need for additional capital.

Ontrak Inc.'s 2023 10-K filing reveals a year of strategic restructuring, cost-cutting, and shifts in customer base, alongside financial challenges and ongoing efforts to improve its behavioral healthcare solutions.

Terren S. Peizer, a Director and 10% owner of Ontrak, Inc., along with Acuitas Group Holdings, LLC, has reported the acquisition of 500,000 shares of common stock and 500,000 pre-funded common stock purchase warrants.

Terren S. Peizer, a Director and 10% owner of Ontrak, Inc., through his affiliated entities, has acquired a $250,000 senior secured convertible promissory note and warrants to purchase 359,712 shares of common stock, providing capital to the company.

Ontrak, Inc.'s Chief Financial Officer, James J. Park, reported the vesting of restricted stock units and the subsequent withholding of shares for tax purposes, a standard compensation event.

Terren S. Peizer, a 10% owner and Director of Ontrak, Inc., through Acuitas Capital, acquired a $1.3 million senior secured convertible promissory note and warrants to purchase 1.63 million shares of common stock.

Terren S. Peizer, a director and 10% owner of Ontrak, Inc., and Acuitas Group Holdings, LLC, acquired a $500,000 senior secured convertible promissory note and warrants to purchase 609,756 shares of common stock.

Terren S. Peizer, along with Acuitas Group Holdings, reports the acquisition of a $1.5 million senior secured promissory note and warrants to purchase over 2 million shares of Ontrak's common stock.

Ontrak, Inc. has filed its definitive proxy statement with the SEC, outlining key proposals for shareholder consideration.

Ontrak, Inc. is holding its annual meeting of stockholders on September 10, 2024, to vote on key proposals including the election of directors, ratification of auditors, approval of an amended stock incentive plan, a director retention plan, a reverse stock split, and other corporate governance matters.

Ontrak announces a series of financial maneuvers, including debt amendments and potential equity issuances, aimed at bolstering its capital structure and satisfying Nasdaq listing requirements.

Ontrak, Inc. has filed an S-1/A registration statement for a public offering of common stock and warrants, seeking to raise capital while grappling with significant financial distress, a 'going concern' warning, and potential Nasdaq delisting.

Ontrak, Inc. has filed an S-1 registration statement for a public offering of common stock and warrants, seeking to raise approximately $6.0 million to address its substantial financial challenges, including significant losses and a going concern warning from its auditor.

Ontrak, Inc. is offering up to 6,449,481 shares of common stock issuable upon the exercise of outstanding warrants to raise capital for general corporate purposes.

Ontrak files for registration of up to 51,622,216 shares of common stock issuable upon the exercise of outstanding warrants, as the company navigates Nasdaq listing requirements.

Ontrak, Inc. has entered into a Seventh Amendment to its Master Note Purchase Agreement, securing up to $8.45 million in new committed funding from Acuitas Capital LLC, while also adjusting warrant exercise prices and disclosing a significant legal proceeding involving its largest beneficial owner, Terren S. Peizer.

Terren S. Peizer and his affiliated entities, Acuitas Group Holdings, Acuitas Capital, and Humanitario Capital, have further solidified their controlling interest in Ontrak, Inc., now beneficially owning up to 97.5% of the company's common stock.

Ontrak, Inc. has received an additional $250,000 in financing from Acuitas Capital LLC through a new Demand Note and associated warrants, further consolidating beneficial ownership by Terren S. Peizer and affiliated entities.

Acuitas Group Holdings, LLC and affiliated entities, led by Terren S. Peizer, have further solidified their dominant ownership in Ontrak, Inc. by acquiring an additional $1.3 million Demand Note and associated warrants.

Ontrak, Inc. has entered into an agreement with its largest shareholder, Acuitas Capital, for up to $10 million in new debt financing, providing crucial liquidity and deferring existing debt repayment obligations until at least September 2026.

Terren S. Peizer and affiliated entities, Acuitas Group Holdings, Acuitas Capital, and Humanitario Capital, have significantly increased their beneficial ownership in Ontrak, Inc. to over 95% through recent debt and warrant transactions, including a new $1.5 million Demand Note.

Armistice Capital, LLC and Steven Boyd have reduced their beneficial ownership in ONTRAK INC common stock to 4.99%, as disclosed in an Amendment No. 1 to Schedule 13G.

Hudson Bay Capital Management LP and Sander Gerber have reported a 4.99% beneficial ownership stake in Ontrak, Inc., primarily through warrants subject to a beneficial ownership blocker.

Armistice Capital, LLC and Steven Boyd have disclosed a 9.99% beneficial ownership stake in ONTRAK INC, totaling 492,232 shares of common stock.

Hudson Bay Capital Management LP and Sander Gerber have disclosed a 9.99% beneficial ownership stake in Ontrak, Inc., including shares from warrants subject to a beneficial ownership blocker.

Michael Bigger and affiliated investment funds have reduced their beneficial ownership in Ontrak, Inc. to below 5% as of July 7, 2025, following sales of common stock and pre-funded warrants.