OneMedNet raises $3.7 million in private placement at $0.42 per share

 OneMedNet Corporation (NASDAQ:ONMD) has secured approximately $3.7 million in gross proceeds through private placement transactions with accredited investors at $0.42 per share, the company announced Tuesday. The offering price represents a premium to the current trading price of $0.34, though the stock has declined 75% year-to-date.

The medical imaging Real-World Data provider completed the private placements around June 19, with some of the company’s founders and directors participating in the transactions. The share price exceeded Nasdaq’s minimum price requirements.

OneMedNet plans to use the proceeds for working capital and general corporate purposes, according to the company statement.

During the second quarter of 2025, OneMedNet also took steps to strengthen its balance sheet, reducing its total liabilities by approximately 60% compared to March 31 figures. These improvements were crucial, as InvestingPro analysis shows the company’s Financial Health Score at a concerning 1.1 (WEAK), with short-term obligations exceeding liquid assets. These actions included:

• Settling approximately $3.26 million in deferred underwriter fees
• Settling approximately $1.08 million in additional trade payables
• Converting approximately $6.56 million of principal and interest into common stock
• Redeeming the remaining $250,000 of a convertible promissory note issued to Yorkville Advisors Global

In total, these measures settled or converted about $11 million of the company’s current liabilities.

The securities sold in the private placement have not been registered under the Securities Act of 1933 and were offered in transactions not involving a public offering. OneMedNet has agreed to register these shares with the SEC.  

OneMedNet operates a platform that provides de-identified medical imaging and electronic health records from over 1,400 healthcare sites. With a market capitalization of $10.39 million, the company faces significant challenges, including negative gross profit margins and rapid cash burn. 

https://www.investing.com/news/company-news/onemednet-raises-37-million-in-private-placement-at-042-per-share-93CH-4107971