OneMedNet Announces $4.6 Million Private Placement

Company Overview - OneMedNet Corporation specializes in providing innovative solutions that leverage Real-World Data (RWD) from over 1,400 healthcare system and provider sites within its iRWD™ network [1] - The proprietary iRWD™ platform enables secure management of diverse clinical data types, including electronic health records, laboratory results, and medical imaging [1] Recent Developments - On July 26, 2024, OneMedNet announced a private placement that generated approximately $4.6 million in gross proceeds, closing on July 25, 2024 [7] - The company sold 1,297,059 shares of common stock at $1.0278 per share and prefunded warrants for 1,323,530 shares at the same price to an affiliate of Off the Chain Capital [8] - Additionally, OneMedNet sold 2,301,791 shares at $0.85 per share to an affiliate of Discovery Capital Management [9] Use of Proceeds - The net proceeds from the private placement will be utilized for working capital and general corporate purposes, with $1.8 million already allocated for purchasing Bitcoin [7] Strategic Focus - OneMedNet's platform is designed to support clinical research across various domains, including rare diseases, oncology, and cardiology, aiming to enhance patient outcomes and drive healthcare innovation [2]