IPO - Ontrak, Inc.

Form Type: S-1

Filing Date: 2025-06-17

Corporate Action: Ipo

Type: New

Accession Number: 000143774925020574

Filing Summary: Ontrak, Inc. filed a Form S-1 registration statement for a proposed initial public offering (IPO) to sell up to 4,666,666 shares of common stock and accompanying warrants. The offering also includes pre-funded warrants contingent on shareholder approval, with a combined public offering price expected to be around $1.50 per share and four warrants. The proposed issuance is subject to obtaining stockholder approval to permit the exercise of warrants. The offering will terminate on an unspecified date in 2025 unless terminated earlier by the registrant. The company has experienced significant cash burn and may require additional capital to sustain operations, raising doubts about its ability to continue as a going concern. Ongoing litigation, potential delisting from Nasdaq, and other market risks could impact the company's financial condition. The offering is facilitated by Roth Capital Partners, LLC as the exclusive placement agent, and details of the placement agent fees and proceeds have been provided. The company operates primarily in the healthcare sector and has undergone a reverse stock split in September 2024 to adjust its stock value.