OneMedNet Corp (ONMD): Nasdaq/NYSE listing notice — OneMedNet receives Nasdaq notice for MVLS < $50M; 180-day cure period

OneMedNet Corp

Nasdaq notice dated Feb 7, 2024: market value of listed securities below $50M for 30 consecutive business days.
Company has until Aug 5, 2024 to regain compliance with Minimum MVLS Requirement.
Compliance achievable if MVLS closes at $50M+ for ten consecutive business days.
Failure may lead to delisting; possible appeal or transfer to Nasdaq Capital Market.
No immediate effect on trading; management evaluating actions to regain compliance.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

OneMedNet Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5810(c)(3)(C)

Exact text from the filing

February 7, 2024, from the Nasdaq Stock Market (“Nasdaq”) indicating that for the preceding 30 consecutive business days, the market value of the Company’s listed securities (“MVLS”) did not maintain a minimum market value of $50,000,000 (the “Minimum MVLS Requirement”) as required by Nasdaq Listing Rule 5450(b)(2)(A). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a compliance period of 180 calendar days, or until August 5, 2024, to regain compliance with the Minimum MVLS Requirement. Compliance may be achieved if the Company’s MVLS closes at $50,000,000 or more for a m

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Source: SEC EDGAR

accession 0001493152-24-005699

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