UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 2, 2025
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Emerging growth company ☐
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Item 8.01 Other Events.
Business Developments
On July 2, 2025, Ontrak, Inc. (“we,” “us,” or the “Company”) was notified by one of its prospects of its decision to not pursue a partnership with us. This prospect had previously communicated to us of its pause on the review of our proposal while it continued to assess our financial stability and our ability to deliver our program as a Medicaid provider, and it indicated in its July 2, 2025 communication that its decision reflected consideration of a variety of factors without further specification of those factors. This prospect represented up to 9,000 lives for Wholehealth+ and up to 20,000 lives for Engage. We currently have four prospects remaining in the later stages of the sales process that have an updated combined estimated member outreach pool of up to 13,000 lives for Wholehealth+ and up to another 20,000 for Engage.
As previously disclosed, our newest health plan customers have indicated an interest in expanding our solutions to additional populations, once clinical and financial outcomes are achieved.
In addition to the four prospects described above, as of July 2, 2025, we have 20 additional active prospects in varying phases of the sale process representing approximately 15 million plan lives.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Ontrak, Inc. | |||||||||||
| Date: July 7, 2025 | By: | /s/ James J. Park | |||||||||
| James J. Park | |||||||||||
| Chief Financial Officer | |||||||||||
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