Brentwood’s Catasys Inc. moved to trading on the Nasdaq Capital Market last week and closed a $15 million public offering intended to clear certain company debt.
The company, which provides behavioral health-related data analytics to health care plans, said it sold 3,125,000 shares at $4.80 a share to raise the capital in an offering that closed Friday. The company’s shares had been trading over the counter.
Catasys will carry the ticker symbol CATS.
Joseph Gunnar & Co. acted as the book-running manager for the offering.
Deals & Dealmakers reporter Henry Meier can be reached at email@example.com. Follow him on Twitter @henry_meier.