OneMedNet Announces $4.6 Million Private Placement

Core Viewpoint - OneMedNet Corporation has successfully completed a private placement, raising approximately $4.6 million, which will be used for working capital and general corporate purposes, including a significant investment in Bitcoin [1][2][3]. Group 1: Private Placement Details - The private placement involved securities purchase agreements with institutional investors, including Off the Chain Capital and Discovery Capital Management [1]. - OneMedNet sold 1,297,059 shares at $1.0278 per share and prefunded warrants for 1,323,530 shares at the same price to Off the Chain Capital [2]. - The company also sold 2,301,791 shares at $0.85 per share to Discovery Capital Management [3]. Group 2: Use of Proceeds - The net proceeds from the private placement will primarily be allocated for working capital and general corporate purposes [1]. - The company has already utilized $1.8 million of the net proceeds to purchase Bitcoin [1]. Group 3: Company Overview - OneMedNet Corporation specializes in curating regulatory-grade Real World Data (RWD), including electronic health records, laboratory results, and medical imaging [6]. - The company operates the iRWD™ platform, which manages diverse clinical data types and supports research opportunities for drug, medical device, and AI development customers [6][7]. - OneMedNet's platform is designed to meet clinical requirements across various domains, including rare diseases, oncology, and cardiology [7].