secwatch.observer — SEC 8-K summary
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Issuer:     OneMedNet Corp (ONMD)
CIK:        0001849380
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001493152-24-041125
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

OneMedNet receives Nasdaq deficiency notice for MVLS below $35M; also flagged on equity and income; 180-day cure period.
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- Nasdaq notified OneMedNet on Oct 8, 2024 that its MVLS ($35M minimum) was below threshold for 30 consecutive business days, violating Rule 5550(b)(2).
- Nasdaq also cited non-compliance with $2.5M minimum stockholders' equity (Rule 5550(b)(1)) and $500K net income (Rule 5550(b)(3)).
- Company has 180 days, until April 7, 2025, to regain MVLS compliance: close at or above $35M for 10 consecutive business days.
- Deficiency notice does not currently affect trading; company intends to monitor and evaluate options but cannot assure compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849380/000149315224041125/0001493152-24-041125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849380/000149315224041125/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-041125

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