other material
confidence high
sentiment neutral
materiality 0.65
OneMedNet enters up to $25M standby equity purchase agreement with Yorkville
OneMedNet Corp
- Company may sell up to $25M of common stock to Yorkville at 97% of market price over 36 months.
- Exchange cap of 11,386,834 shares (19.99% of outstanding) unless avg price ≥ $0.66 or shareholder approval.
- Yorkville ownership limited to 4.99%; each advance capped at 500k shares or 100% of 5-day avg daily volume.
- Company must file resale registration before any draw; no minimum advance or non-usage fee.
- Provides flexible capital but with potential dilution to existing shareholders upon use.