OneMedNet (ONMD) has issued an update.
OneMedNet Corporation has secured a financial agreement with YA II PN, LTD, allowing for the sale of up to $25 million in common stock, under certain conditions, and has received a $1.5 million advance via a promissory note. The company has also resolved its prior funding arrangement with Helena Global Investment Opportunities 1 Ltd., terminating their Securities Purchase Agreement and compensating with stock warrants and legal fee reimbursements. These strategic financial moves are designed to enhance OneMedNet’s capital position and support its growth initiatives.
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