OneMedNet: Equity Sales, Bitcoin Investment, and Nasdaq Compliance

OneMedNet (ONMD) just unveiled an announcement.

OneMedNet Corporation secured $4.6 million through private stock and warrant sales to institutional investors, aiming to bolster working capital and general corporate needs. A portion of these funds was allocated to purchasing Bitcoin, with no fixed holding period. The transaction, which met Nasdaq’s minimum price requirements, included over 1.2 million shares and pre-funded warrants, with the latter being exercisable indefinitely. Additionally, the company committed to filing a resale registration statement and entered into a voting agreement with an investor, ensuring alignment with board recommendations on specific matters.

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