Ontrak secures up to $10M in new demand note financing from Acuitas Capital

Ontrak, Inc.

Acuitas commits to purchase up to $5M in convertible and $5M in non-convertible demand notes.
Notes only available if company fails to secure acceptable equity offering and has no material adverse change.
Acuitas agrees not to demand payment until Sep 1, 2026 or 30 days after all non-convertible notes purchased.
Existing warrants' exercise prices may be reduced based on VWAP post-announcement, increasing potential dilution.
Company previously drew $8.5M under Sixth Amendment; new accord adds up to $10M additional capacity.

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