Ontrak Filed For Offering Of Shares Of Common Stock, Together With Warrants; Size Not Disclosed
Portfolio Pulse from Charles Gross
Ontrak has filed for an offering of shares of common stock, along with warrants. The size of the offering has not been disclosed.
June 29, 2023 | 9:08 pm
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Ontrak's filing for an offering of common stock and warrants could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
The filing for an offering of common stock and warrants by Ontrak could lead to dilution of existing shareholders' equity. This is because the introduction of more shares into the market increases the supply, which could potentially decrease the stock price in the short term. However, the actual impact will depend on the size of the offering, which has not been disclosed.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100