TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo September 28, 2020 Brandon H. LaVerne Chief Financial Officer Ontrak, Inc. 2120 Colorado Avenue, #230 Santa Monica, California 90404 Re: Ontrak, Inc. Registration Statement on Form S-3 Filed September 11, 2020 File No. 333-248770 Dear Mr. LaVerne: We have limited our review of your registration statement to the issue we have addressed in our comment. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to our comment, we may have additional comments. Registration Statement on Form S-3 filed September 11, 2020 Cover Page 1. Please note that Securities Act Rule 416 does not apply to shares issuable upon conversion of securities where the conversion is determined by fluctuating market prices. Revise the offer to register a reasonable good-faith estimate of the maximum amount of shares necessary to cover conversions of the preferred stock. For guidance, please refer to Compliance and Disclosure Interpretations, Securities Act Rules, Question 213.02. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Brandon H. LaVerne Ontrak, Inc. September 28, 2020 Page 2 Please contact Abby Adams at (202) 551-6902 or Joe McCann at (202) 551-6262 with any other questions. Sincerely, FirstName LastNameBrandon H. LaVerne Division of Corporation Finance Comapany NameOntrak, Inc. Office of Life Sciences September 28, 2020 Page 2 cc: Mitchell Nussbaum, Esq. FirstName LastName