OneMedNet Corporation Secures $2.5 Million Through Private Placement for Corporate Expansion and Working Capital
OneMedNet Corporation has announced a private placement agreement with an accredited investor for the issuance and sale of 3,390,923 shares of common stock and pre-funded warrants to acquire an additional 2,561,457 shares. Each share and warrant is priced at $0.42, generating approximately $2.5 million in gross proceeds. The company plans to utilize these funds for general corporate purposes and working capital. The investor has entered a voting agreement to align with the board's recommendations on shareholder proposals. Additionally, OneMedNet has made separate agreements with Dr. Thomas Kosasa and Dr. Jeffrey Yu for the sale of more shares, securing further investment.
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