OneMedNet Corporation announced it has entered into agreements for private placement transactions, resulting in gross proceeds of approximately $3.7 million. These transactions, which closed around June 19, 2025, were priced at $0.42 per share of common stock.
During the second quarter of 2025, the company also settled or converted approximately $11.0 million of its current liabilities. This represents a 60% reduction in total liabilities outstanding as of March 31, 2025.
The proceeds from these private placements are intended for working capital and general corporate purposes. These actions significantly strengthen OneMedNet's balance sheet and support its strategy of adding Bitcoin to its treasury.
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