Ontrak, Inc. (NASDAQ: OTRK), a leading value-based behavioral healthcare company powered by proprietary AI and engagement technology, announced it has secured a $10 million financing commitment from Acuitas Capital, LLC. This financing commitment will support Ontrak’s continued growth and innovation in delivering comprehensive behavioral healthcare solutions and is structured to provide Ontrak with the necessary capital to expand its customer base while continuing to drive further advancements in its AI and digital capabilities. The commitment contemplates that Ontrak may raise additional financing from third parties to further support its growth initiatives.
Brandon LaVerne, Chief Executive Officer of Ontrak, Inc., expressed enthusiasm about the new financing commitment: “We appreciate the continued support of Acuitas Capital as we advance our mission to transform healthcare. This financing commitment will allow us to accelerate our growth initiatives, enhance our technology platform, and deliver even greater value to our customers and stakeholders.”
The full text of the agreement with Acuitas Capital, LLC, will be an exhibit to a Current Report on Form 8-K the Company will file with the Securities and Exchange Commission today and is available on the SEC’s website or through Ontrak Health’s investor relations page.
