Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
Find detailed analytics on ONMD stock on TipRanks’ Stock Analysis page.
