Ontrak (NASDAQ: OTRK), a leading artificial intelligence and telehealth-enabled healthcare company, has closed its previously announced registered direct offering for $4 million. The offering was with institutional investors and involved the purchase and sale of shares of the company’s common stock at $0.80 per share. According to the announcement, the per-share purchase price was at-the-market in accordance with Nasdaq rules. Roth Capital Partners acted as sole placement agent for the offering
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About Ontrak Inc.
Ontrak is a leading artificial intelligence and telehealth-enabled healthcare company whose mission is to help improve the health and save the lives of as many people as possible. Ontrak identifies, engages, activates and provides care pathways to treatment for the most vulnerable members of the behavioral health population who would otherwise fall through the cracks of the healthcare system. The company engages individuals with anxiety, depression, substance-use disorder and chronic disease through personalized care coaching and customized care pathways that help them receive the treatment and advocacy they need, despite the socio-economic, medical and health system barriers that exacerbate the severity of their comorbid illnesses. The company’s integrated intervention platform uses artificial intelligence, predictive analytics and digital interfaces combined with dozens of care-coach engagements to deliver improved member health, better healthcare system utilization, and durable outcomes and savings to healthcare payors. For more information about the company, please visit www.OntrackHealth.com.
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