secwatch.observer — SEC 8-K summary
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Issuer:     OneMedNet Corp (ONMD)
CIK:        0001849380
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001493152-24-022951
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneMedNet amends SPA: initial tranche closing triggered by S-1 refiling; $350K released to company
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- Amendment signed June 4, 2024 to Securities Purchase Agreement dated March 28, 2024.
- Initial tranche closing occurs after Company refiles Form S-1 with audited financials.
- $350,000 of initial tranche proceeds (minus closing costs) released immediately upon refiling; $1.35M held in escrow.
- Lock-up agreements now start on S-1 effectiveness; major shareholder threshold raised from 4% to 10%.
- Lock-up period remains six months for directors, officers, and ≥10% holders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849380/000149315224022951/0001493152-24-022951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849380/000149315224022951/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-022951

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