Ontrak shares are trading lower after the company files for secondary stock offering together with warrants.
Portfolio Pulse from Benzinga Newsdesk
Ontrak has filed for a secondary stock offering along with warrants, causing its shares to trade lower.
June 30, 2023 | 8:39 am
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Ontrak's filing for a secondary stock offering and warrants has led to a decrease in its share price.
Secondary stock offerings often lead to a decrease in share price as they dilute the value of existing shares. The addition of warrants, which give holders the right to buy shares at a certain price, can further depress the stock price as it indicates potential future dilution.
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