Certain Common Stock of Ontrak, Inc. are subject to a Lock-Up Agreement Ending on 17-MAY-2024.
May 16, 2024
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Certain Common Stock of Ontrak, Inc. are subject to a Lock-Up Agreement Ending on 17-MAY-2024. These Common Stock will be under lockup for 185 days starting from 14-NOV-2023 to 17-MAY-2024.
Details:
Each officers and directors have agreed with the Placement Agent to be subject to a lock-up period of six months following the closing date of this offering, and Acuitas has agreed with the Placement Agent to be subject to a lock-up period of 12 months following the closing date of this offering. This means that, during the applicable lock-up period, neither directors or Acuitas may offer for sale, contract to sell, or sell any shares of common stock or any securities convertible into, or exercisable or exchangeable for, shares of common stock subject to certain customary exceptions. In addition, the company have agreed to not issue any securities that are subject to a price reset based on trading prices of common stock or upon a specified or contingent event in the future, or enter into an agreement to issue securities at a future determined price, for after the closing date of this offering.
Ontrak, Inc. is an artificial intelligence (AI) and telehealth-enabled healthcare company. The Company 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. It engages individuals with anxiety, depression, substance-use disorders 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. Its technology-enabled platform utilizes claim-based analytics and predictive modeling to provide analytic insights throughout the delivery of its personalized care program. The Company integrates evidence-based psychosocial and medical interventions delivered either in-person or via telehealth, along with care coaches.