Welcome to our dedicated page for Track Group SEC filings (Ticker: TRCK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Track Group, Inc. filings document material events for a Delaware operating company in offender tracking and monitoring services. Recent Form 8-K reports cover results of operations and financial condition, including press-release exhibits for quarterly and fiscal-year financial results.
The filing record also includes capital-structure disclosures tied to securities purchase agreements, private placements of common stock and warrants, intended use of proceeds for indebtedness, working capital and general corporate purposes, and related warrant terms. The company reports no securities registered under Section 12(b) of the Exchange Act.
Track Group, Inc. Chief Financial Officer James A. Berg acquired 50,000 shares of common stock on April 30, 2026 at $0.35 per share. The shares were purchased directly from the company in a private placement under a Securities Purchase Agreement approved by the board. Following this transaction, Berg holds 50,000 shares directly.
Track Group, Inc. Chief Information Officer Timothy Hardy acquired 60,000 shares of common stock on April 30, 2026. The shares were obtained in a private placement directly from the company at $0.35 per share, bringing his directly held position to 60,000 shares.
The transaction was carried out under a Securities Purchase Agreement approved by the board of directors and treated as exempt under Rule 16b-3 of the Exchange Act, indicating it was a board-sanctioned insider acquisition rather than an open-market trade.
Track Group, Inc. director and chief executive officer Derek Cassell acquired 300,000 shares of common stock at $0.35 per share on April 30, 2026. The shares were purchased directly from the company in a private placement under a Securities Purchase Agreement approved by the board.
After this transaction, Cassell directly holds 617,209 common shares. The issuance was treated as an exempt transaction under Rule 16b-3 of the Securities Exchange Act of 1934.
Track Group, Inc. received a large investment from CRC Founders Fund and affiliates, which now report beneficial ownership of 17,930,695 shares, or about 43.0% of the common stock, including shares underlying warrants.
On April 30, 2026, the company completed a private placement issuing 29,471,429 shares at $0.35 per share and warrants to purchase 750,000 shares at a $0.35 exercise price, exercisable for 10 years. CRC Founders purchased 14,510,714 of these shares and received warrants to buy 375,000 shares, and separately bought 2,353,290 shares from ETS Limited at $0.25 per share. The PIPE agreement also gives CRC Founders and JCP the right to designate three directors each to the board while they retain at least 30% of their PIPE shares.
Track Group, Inc. completed a comprehensive recapitalization that combines new equity, fresh debt financing, and a major legacy debt payoff. The company raised approximately $10.3 million via a private placement of 29,471,429 common shares at $0.35 and 750,000 accompanying warrants.
It also entered a new $24.0 million credit facility, including a $21.0 million term loan maturing in 2031, carrying interest of 13.5% per year, with the option to increase to 15.5% when using an interest line. Lenders received warrants to buy 1,079,108 shares at $0.0001.
Using these transactions, Track Group agreed to pay $23.52 million to settle and terminate a $42.864 million unsecured debt facility, significantly reducing that obligation. The company doubled authorized common shares from 30 million to 60 million and reconstituted its board, adding several investor‑affiliated directors and appointing Denver Smith as chairman, aligning ownership and governance around the new capital structure.
Track Group, Inc. (DEF 14C) informs holders that the Board and holders of a majority of outstanding voting shares approved a written-consent Charter Amendment to increase authorized Common Stock. The Board and Majority Shareholders approved the amendment; consent represents 6,208,060 shares (52.33%) of outstanding voting stock as of the Record Date. The amendment contemplates increasing authorized Common Stock to 60,000,000 shares (from 30,000,000) and is effective upon filing with Delaware, with implementation timing stated on or about April 30, 2026. As of the Record Date, 11,863,758 shares were issued and outstanding; the last reported sale price on the OTCQB was $0.45 per share on March 30, 2026.
Track Group, Inc. received an amended Schedule 13D from CRC Founders Fund and related Carlson Ridge entities, which together report beneficial ownership of 691,691 shares of common stock, or 5.8% of shares outstanding. The filing notes an aggregate purchase price of approximately $742,724 for these shares.
On March 31, 2026, CRC Founders executed a written consent supporting an amendment to Track Group’s Certificate of Incorporation to increase authorized common shares from 30,000,000 to 60,000,000. The amendment is tied to the company’s plans to evaluate strategic transactions to raise capital and refinance or restructure certain debt. The reporting group states there have been no transactions in the issuer’s securities by them during the past 60 days.
Track Group, Inc. notified holders that its Board and a majority of voting shareholders approved a charter amendment to increase authorized common stock. The Board approved the change on March 19, 2026, and written consents representing 6,208,060 shares (approx. 52.33%) were received on March 31, 2026. The amendment would increase authorized Common Stock from 30,000,000 to 60,000,000 shares (an increase of 30,000,000 shares) and becomes effective upon filing with the Delaware Division of Corporations. As of the Record Date there were 11,863,758 shares issued and outstanding on a fully diluted basis. The Company says the additional shares are intended to provide flexibility for future financings, debt restructuring, equity compensation or strategic transactions, and cautions that future issuances could dilute existing holders. The Certificate of Amendment is included as Annex A.
Track Group, Inc. reported a return to profitability for the quarter ended December 31, 2025. Revenue rose to $9,117,208, up about 5% from a year earlier, driven mainly by higher monitoring services in Florida and Illinois and stronger international product sales.
Gross margin slipped to roughly 47% as cost of revenue grew faster than sales. Operating income improved to $787,153 from $128,608, and net income reached $514,659 versus a prior loss of $2,010,849, helped by favorable currency movements and a $630,472 gain on dissolving a subsidiary. Cash was $3,558,464 with working capital of $2,160,201, while total assets were $39,670,804 and equity remained negative at $(11,866,559). The company carries long-term debt of $42,741,380 owed to Conrent, with $3,377,921 of accrued interest whose payment has been extended until further notice.
Track Group, Inc. reported a solid turnaround for Q1 FY26, with total revenue of $9.1M, up about 5.2% from $8.7M in Q1 FY25. Operating income improved sharply to $0.8M from $0.1M, and net results swung to a $0.5M profit versus a $2.0M loss a year earlier.
Non-GAAP Adjusted EBITDA was $1.2M, nearly flat year over year, with margin at 13.4% versus 14.4%, reflecting higher costs despite better profitability. For FY26, the company targets revenue of $38M–$39M versus $35.2M in FY25 and an Adjusted EBITDA margin of 18%–19% compared with 16.4%.
On the balance sheet as of December 31, 2025, total assets were $39.7M, long-term debt was about $42.7M, and stockholders’ equity remained negative at roughly $11.9M, indicating a continued equity deficit despite the return to profitability.