Catasys reports plans for a best-efforts public sale of common stock

Company could sell up to $10 million of shares and five-year warrants

By Devika Patel

Knoxville, Tenn., April 21 - Catasys, Inc. orchestrated a best-efforts public sale of stock, according to an S-1 filed Thursday with the Securities and Exchange Commission. The registration authorizes up to $5 million of common shares and $5 million of five-year warrants.

Proceeds will be used for working capital needs, capital expenditures and other general corporate purposes.

The health-care services management company is based in Los Angeles.

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