Ontrak announces receipt of notice from nasdaq regarding non-compliance of its 9.50% series a cumulative perpetual preferred stock with minimum bid price requirement

Henderson, nev.--(business wire)--on april 13, 2023, ontrak, inc. (the “company”) received a letter (the “notice”) from the nasdaq stock market llc (“nasdaq”) indicating that the company no longer meets the minimum bid price requirement set forth in nasdaq listing rule 5555(a)(1) (the “minimum bid price requirement”) because the closing bid price for the company's 9.50% series a cumulative perpetual preferred stock (the “preferred stock”) was less than $1.
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