On April 13, 2023, Ontrak, Inc. received a compliance notice from Nasdaq indicating that its 9.50% Series A Cumulative Perpetual Preferred Stock (OTRKP) failed to meet the minimum bid price requirement of $1.00 per share for the last 30 consecutive business days. The notice does not immediately affect the stock’s listing but gives the company a 180-day grace period, until October 10, 2023, to regain compliance by achieving a minimum closing bid price of $1.00 for at least 10 consecutive business days. The company is actively monitoring its stock price and exploring options to meet the requirement, though there is no guarantee of compliance.
On December 6, 2022, Ontrak, Inc. (OTRK, OTRKP) received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement, having traded below $1.00 for 30 consecutive business days. The company has a 180-day grace period until June 5, 2023, to restore compliance by achieving a minimum closing bid price of $1.00 for at least 10 consecutive days. There is no immediate impact on the stock's listing, but the company is exploring options to regain compliance, with no assurance of success.
Ontrak, Inc. (OTRK, OTRKP) announced a cash dividend of $0.593750 per share for its 9.50% Series A Cumulative Perpetual Preferred Stock. This dividend, based on a $25.00 per share liquidation preference, will be paid on February 28, 2022 to shareholders of record as of February 15, 2022. The Series A Preferred Stock trades on NASDAQ under the symbol 'OTRKP'. For more information, visit Ontrak's website.
Ontrak, Inc. (NASDAQ: OTRK, OTRKP) has announced the fifth quarterly cash dividend for its 9.50% Series A Cumulative Perpetual Preferred Stock, equaling $0.593750 per share. The annual dividend rate is set at 9.50%, based on a liquidation preference of $25.00 per share. This dividend will be payable on November 30, 2021 to holders of record as of November 15, 2021. The Series A Preferred Stock trades under the symbol “OTRKP” on NASDAQ.
Ontrak, Inc. (NASDAQ: OTRK, OTRKP) has declared its third quarterly cash dividend of $0.593750 per share for the 9.50% Series A Cumulative Perpetual Preferred Stock. This dividend, amounting to 9.50% of the $25.00 liquidation preference, is payable on May 30, 2021, to shareholders on record as of May 15, 2021. Ontrak aims to improve healthcare outcomes through its innovative PRE™ platform, engaging members with chronic diseases and delivering significant cost savings for healthcare payers.
Ontrak, Inc. (NASDAQ: OTRK, OTRKP) has declared a quarterly cash dividend of $0.593750 per share for its 9.50% Series A Cumulative Perpetual Preferred Stock. This dividend will be payable on February 28, 2021 to shareholders on record as of February 15, 2021. Ontrak's innovative PRE™ platform enhances chronic disease management through predictive analytics and effective care pathways, aiming to improve member health and reduce healthcare costs by over 50% for enrolled members.
Ontrak, Inc. (NASDAQ: OTRK, OTRKP) has successfully closed a public offering of 1,730,000 shares of its 9.50% Series A Cumulative Perpetual Preferred Stock at $24.75 per share, yielding gross proceeds of $42.8 million. After deducting fees, net proceeds are approximately $39.7 million. The company, holding over $100 million in cash, aims to enhance shareholder value and pursue growth initiatives. Recognized as one of the fastest-growing healthcare firms, Ontrak focuses on improving behavioral health through its innovative PRE™ platform.