- OneMedNet (ONMD, Financial) secures $3.7 million in funding through private placement.
- The company achieves a significant reduction in liabilities by approximately $11 million, equating to a 60% reduction.
- Funds to be used for working capital, general corporate purposes, and continued Bitcoin strategy.
OneMedNet Corporation (ONMD), a leader in regulatory-grade imaging Real-World Data (iRWD), has successfully raised $3.7 million through private placement transactions at a price of $0.42 per share. This investment exceeds the Nasdaq minimum price requirements, reflecting confidence from both investors and internal stakeholders, including participation from company founders and directors.
This financial maneuver significantly enhances OneMedNet's balance sheet by reducing its liabilities by approximately $11 million, a reduction of 60% as of March 31, 2025. The liability reduction includes settling $3.26 million in deferred underwriter fees, resolving $1.08 million in trade payables, converting $6.56 million of principal and interest into common stock, and redeeming $250,000 from convertible notes.
The capital obtained will be directed towards working capital and general corporate purposes while supporting the company’s ongoing strategy to incorporate Bitcoin into its balance sheet. This financial restructuring allows OneMedNet increased operational flexibility, ensuring a stronger financial footing as it continues to advance its imaging Real-World Data business.
