---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-034400"
form_type: "8-K"
ticker: null
cik: "0001136174"
company_name: "Ontrak, Inc."
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:05:15.194827+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ontrak receives Nasdaq deficiency notice for bid price below $1.00 for 30 days

## Summary
- Received Nasdaq letter on October 13, 2023 for non-compliance with minimum bid price rule.
- Common stock closing bid below $1.00 for 30 consecutive business days triggered notice.
- Company has 180 calendar days, until April 10, 2024, to regain compliance.
- To comply, stock must close at $1.00 or more for at least 10 consecutive business days.
- If not compliant by April 10, 2024, company may qualify for an additional 180-day period.

## SEC filing metadata
- accession: 0001628280-23-034400
- form_type: 8-K
- cik: 0001136174
- company_name: Ontrak, Inc.
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1136174/000162828023034400/0001628280-23-034400-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1136174/000162828023034400/cats-20231013.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-034400
- JSON: https://secwatch.observer/filing/0001628280-23-034400.json
- Plain text: https://secwatch.observer/filing/0001628280-23-034400.txt

## Key facts
- Listing & Compliance Notices
  Ontrak, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: October 13, 2023, Ontrak, Inc. (the “Company”) received a letter 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 5550(a)(2) (the “Minimum Bid Price Requirement”) because the closing bid price for the Company’s common stock was less than $1.00 for the previous 30 consecutive business days. The letter has no immediate effect on the listing of the Company’s common stock on The Nasdaq Capital Market. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has a 180-calendar day period, or until
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136174/000162828023034400/0001628280-23-034400-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.