OneMedNet receives Nasdaq notice for late 10-Q; appoints new auditor, secures $25M SEPA

OneMedNet Corp

Received Nasdaq delinquency notice on June 20, 2024 for late Form 10-Q; 60 days to submit plan, possible extension to Dec 11, 2024.
Appointed WithumSmith+Brown as new auditor on June 3, 2024 after BF Borgers banned by SEC.
Entered standby equity purchase agreement with Yorkville for up to $25M; $1.5M convertible note advanced June 18, 2024.
Regained compliance with Nasdaq minimum bid price rule (Listing Rule 5550(a)(2)) on June 10, 2024.
Prior $4.54M Helena Global convertible note facility was terminated on June 14, 2024.

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