OneMedNet Corporation announced on June 24, 2025, that it entered into agreements with accredited investors for private placement transactions. These transactions resulted in gross proceeds of approximately $3.7 million. Shares were issued at $0.42 per share of common stock.
Certain company founders and directors participated in this funding round. Concurrently, the company announced approximately $11 million in reductions in liabilities. This dual action significantly strengthens the company's financial position.
This capital raise and liability reduction address critical financial challenges. It provides additional working capital and reduces the overall debt burden. This move is crucial for the company's operational stability and long-term viability.
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