OneMedNet (ONMD) has released an update to notify the public and investors about listing compliance status.
OneMedNet Corporation has been notified by Nasdaq that it didn’t meet the minimum market value requirement for its securities over the past 30 days and is at risk of being delisted. The company has until August 5, 2024, to regain compliance by having its market value close at or above $50 million for at least ten consecutive business days. If unsuccessful, OneMedNet may appeal the delisting or seek a transfer to the Nasdaq Capital Market. The company is exploring options to meet Nasdaq’s requirements, but there’s no certainty of maintaining its listing.
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For a comprehensive understanding of the announcement, you can read the full document here.
