secwatch.observer — SEC 8-K summary
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Issuer:     OneMedNet Corp (ONMD)
CIK:        0001849380
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001493152-24-024802
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849380/000149315224024802/0001493152-24-024802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849380/000149315224024802/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-024802

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