other material
confidence high
sentiment neutral
materiality 0.55
OneMedNet sets 1-for-10 reverse split effective Sept 29 to cure Nasdaq minimum bid price deficit
OneMedNet Corp
- 1-for-10 reverse split effective 12:01 a.m. Eastern on September 29, 2026; approved by stockholders at the September 18, 2026 annual meeting, with the final ratio set by the board.
- Outstanding shares drop from roughly 60,125,902 (as of Sept 27, 2026) to about 6,012,591; the press release cites 59,286,450 shares outstanding as of Sept 24.
- Common stock keeps trading on the Nasdaq Capital Market under ONMD; new CUSIP is 68270C 202; no fractional shares issued, fractions rounded up.
- Company says the split is intended to regain compliance with Nasdaq's minimum bid price requirement and broaden investor interest; authorized share count and $0.0001 par value unchanged.
- Equity incentive plan reserves, RSUs, warrants and other equity instruments adjust proportionately; Continental Stock Transfer & Trust acts as exchange agent and transfer agent.