secwatch.observer — SEC 8-K summary
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Issuer:     OneMedNet Corp (ONMD)
CIK:        0001849380
Form:       8-K
Filed at:   2025-06-24T23:59:59+00:00
Accession:  0001641172-25-016223
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneMedNet raises $3.7M equity, converts $6.6M debt, settles $4.3M payables
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- Private placement raised ~$2.5M via 3.39M shares and 2.56M pre-funded warrants at $0.42/share.
- Insider investments: Dr. Kosasa ($500K, 1.19M shares) and Dr. Yu ($700K, 1.67M shares) at same $0.42 price.
- Converted $3.3M shareholder loans from Kosasa and Yu into 4.69M shares at $0.71/share.
- Settled ~$4.34M trade payables including $2.76M deferred underwriter fees to EF Hutton; reflected in Q2.
- Total reduction of ~$11.0M in current liabilities, a 60% decrease from March 31, 2025 balance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849380/000164117225016223/0001641172-25-016223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849380/000164117225016223/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-016223

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