OneMedNet enters $25M equity line and $1.5M convertible note with Yorkville; terminates prior $4.54M deal

OneMedNet Corp

Up to $25M standby equity purchase agreement with Yorkville; purchases at 97% of Market Price; 24-month term; subject to conditions.
$1.5M convertible promissory note from Yorkville; 0% interest (18% default); convertible at lower of $1.3408 fixed or 90% of 7-day VWAP (floor $0.28).
Terminated $4.54M convertible note deal with Helena Global; issued warrant for 50,000 shares at $1.20 exercise price.
Registration rights agreement requires resale registration statement filed by Aug 30, 2024; effectiveness within 30 days.
Yorkville ownership limited to 4.99%; aggregate issuance capped at 4,767,616 shares without shareholder approval.

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