OneMedNet (NASDAQ: ONMD, ONMDW), the leading curator of regulatory-grade Imaging Real World Data (“iRWD”) through its proven OneMedNet iRWD(TM) solution, has entered into a standby equity purchase agreement (“SEPA”) with YA II PN, Ltd, a Cayman Islands exempt limited partnership managed by Yorkville Advisors Global, LP. According to the forms filed with the U.S. Security and Exchange Commission, OneMedNet the option to sell to Yorkville up to $25 million of the company’s shares of common stock, par value $0.0001 per share “at the company’s request from time to time following both the repayment of the promissory note. . . and the effectiveness of a resale registration statement covering the shares of issued under the SEPA. The SEPA terminates on its 24-month anniversary.” The company also paid a $25,000 structuring fee to Yorkville and agreed to pay a commitment fee of $500,000 to Yorkville; that payment will be paid in shares in two tranches. EF Hutton served as exclusive placement agent on the transaction. EF Hutton served as exclusive placement agent on the $1.5 million private placement.
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About OneMedNet Corporation
Founded in 2009, OneMedNet provides innovative solutions that unlock the significant value contained within the Real-World Data (“RWD”) repositories of more than 1,400 healthcare system and provider sites that currently comprise its iRWD(TM) network. OneMedNet’s proprietary iRWD platform provides secure, comprehensive management of diverse clinical data types, including electronic health records, laboratory results and uniquely medical imaging. Employing its robust OneMedNet iRWD solution, OneMedNet securely deidentifies, searches and curates the clinical data, bringing a wealth of internal and third-party research opportunities to its drug, medical device and imaging/diagnostic artificial intelligence (“AI”) development customers. OneMedNet’s platform is designed to meet the clinical requirement necessary across various domains, including but not limited to rare diseases, oncology and cardiology. The company is committed to delivering precise and robust research support services that span the entire continuum of care. This commitment is a cornerstone of OneMedNet’s strategy to enhance patient outcomes and help pave the next wave of healthcare innovation. For more information about the company, please visit www.OneMedNet.com.
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