Catasys registers $10 million of its common stock for public offering

Funds repay bridge notes, used for working capital, corporate purposes

By Devika Patel

Knoxville, Tenn., June 1 – Catasys, Inc. will price a public sale of its common stock with a greenshoe option, according to a Form S-1 filed May 29 with the Securities and Exchange Commission. The company has registered up to $10 million of stock.

Proceeds will be used to repay the company’s bridge notes if the holders elect for the securities to be prepaid rather than converted and for working capital and general corporate purposes.

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

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