secwatch.observer — SEC 8-K summary
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Issuer:     OneMedNet Corp (ONMD)
CIK:        0001849380
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001493152-24-038855
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneMedNet closes $1.7M private placement, to use portion of proceeds to purchase Bitcoin
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- Gross proceeds of ~$1.7M from sale of 1,918,591 shares at $0.65, plus warrants and pre-funded warrants.
- Warrants exercisable for 133,095 shares at $0.325; pre-funded warrants for 743,314 shares at $0.65.
- Company plans to use a portion of net proceeds to purchase Bitcoin ($BTC); no guaranteed holding period.
- Private placement closed Sept 25, 2024; investor is affiliate of Off the Chain Capital.
- Follows prior $2.7M placement with same investor in July 2024; amendments to voting and registration rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849380/000149315224038855/0001493152-24-038855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849380/000149315224038855/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-038855

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer