OneMedNet raises $4.6M in private placement; uses $1.8M to buy Bitcoin

OneMedNet Corp

Gross proceeds of $4.6M from sale of stock and pre-funded warrants to institutional investors.
Sold 1,297,059 shares at $1.0278/share and 1,323,530 pre-funded warrants at $1.0278/share to Off the Chain affiliate.
Sold 2,301,791 shares at $0.85/share to Discovery Capital Management affiliate; private placement closed July 25, 2024.
Used $1.8M of net proceeds to purchase Bitcoin (BTC); remainder for working capital and general purposes.
Registration rights agreement filed to resell shares; voting agreement with one investor on board-recommended matters.

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