secwatch.observer — SEC 8-K summary
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Issuer:     OneMedNet Corp (ONMD)
CIK:        0001849380
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001493152-23-040642
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 5.02, 3.02, 9.01, 3.03, 5.01, 5.03, 5.05, 5.06, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

OneMedNet completes de-SPAC merger with Data Knights; begins trading on Nasdaq
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- Total merger consideration ~$200M; 32.3M shares outstanding as of Nov 8, 2023.
- Former OneMedNet holders own ~62%; Sponsor ~15.1%; convertible note holders ~16.2%; PIPE ~0.46%.
- Public stockholders redeemed 1.6M shares for pro-rata trust proceeds; remaining public hold ~0.35%.
- Executives: CEO Paul Casey ($144K salary); President Aaron Green ($350K salary, 600K RSU); CFO Lisa Embree ($225K salary, 260K RSU).
- PIPE financing of $1.5M closed at closing; senior secured convertible notes convert at lower of $10.00 or 92.5% of VWAP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849380/000149315223040642/0001493152-23-040642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849380/000149315223040642/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-040642

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