OneMedNet Corp (ONMD): Nasdaq/NYSE listing notice — OneMedNet receives Nasdaq non-compliance notice for bid price under $1

OneMedNet Corp

Nasdaq notice on March 26, 2024, for failing minimum bid price of $1 over 30 consecutive business days.
Company has 180 days (until Sept 23, 2024) to regain compliance: bid >= $1 for at least 10 consecutive days.
If not compliant, may qualify for additional 180-day period or consider reverse stock split.
Notice does not immediately affect listing or trading of ONMD common stock or warrants on Nasdaq.

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 0.99

OneMedNet Corp received a nasdaq deficiency notice notice regarding minimum bid price (rules 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5810(c)(3)(A)

Exact text from the filing

pany’s security is at least $1 for a minimum of ten consecutive business days, Nasdaq will provide written confirmation of compliance and this matter will be closed. In the event the Company does not regain compliance with the Rule, the Company may be eligible for additional time under Listing Rule 5810(c)(3)(A)(ii). The Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency

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Source: SEC EDGAR

accession 0001493152-24-012031

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