OneMedNet Corporation announced on September 26, 2024, that it entered into a securities purchase agreement for a follow-on private placement. This transaction resulted in gross proceeds of approximately $1.7 million for the company. The funding was secured from an affiliate of Off the Chain Capital.
This capital infusion provides additional working capital for OneMedNet. The company is focused on its iRWD solution, which curates regulatory-grade Real World Data. This private placement supports ongoing operations and strategic initiatives.
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