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OneMedNet Regains Compliance with NASDAQ Minimum Bid Price Requirements
ONMDOneMedNet (ONMD) GlobeNewswire·2025-01-10 13:45

Core Insights - OneMedNet Corporation has regained compliance with Nasdaq Listing Rule 5550(a)(2) after its common stock closed at 1.00orgreaterfor10consecutivebusinessdays[1][2]−ThecompanyispositionedtocapitalizeonthegrowingRealWorldDatamarket,aimingforasignificantmarketshare[2]CompanyOverview−OneMedNetprovidesinnovativesolutionsthatleverageReal−WorldData(RWD)fromover1,400healthcaresystemsandprovidersitesthroughitsproprietaryiRWD™platform[3]−Theplatformmanagesdiverseclinicaldatatypes,includingelectronichealthrecords,ECGs,EEGs,prescriptions,physiciannotes,laboratoryresults,andmedicalimaging[3]StrategicDevelopments−Thecompanyhasmadeseveralstrategicmoves,includingappointinganewChiefFinancialOfficerandhiringaDirectorofBusinessDevelopmentandaVicePresidentofMarketingtoenhanceitscommercialpresence[5]−OneMedNethassignedanagreementwithBayer′sAIInnovationPlatformtofurtheritscapabilitiesinthemarket[5]−Thecompanyisenhancingitsdatade−identificationandcurationservicesusingGenerativeAIanddeployinganewindexingtool,OMNi,toimprovedatasearchingandindexing[5]FinancialPosition−OneMedNethasimproveditsliquiditybyraisingapproximately1.00 or greater for 10 consecutive business days [1][2] - The company is positioned to capitalize on the growing Real World Data market, aiming for a significant market share [2] Company Overview - OneMedNet provides innovative solutions that leverage Real-World Data (RWD) from over 1,400 healthcare systems and provider sites through its proprietary iRWD™ platform [3] - The platform manages diverse clinical data types, including electronic health records, ECGs, EEGs, prescriptions, physician notes, laboratory results, and medical imaging [3] Strategic Developments - The company has made several strategic moves, including appointing a new Chief Financial Officer and hiring a Director of Business Development and a Vice President of Marketing to enhance its commercial presence [5] - OneMedNet has signed an agreement with Bayer's AI Innovation Platform to further its capabilities in the market [5] - The company is enhancing its data de-identification and curation services using Generative AI and deploying a new indexing tool, OMNi, to improve data searching and indexing [5] Financial Position - OneMedNet has improved its liquidity by raising approximately 6.4 million through private placements with Off the Chain Capital and an affiliate of Discovery Capital Management [5] - The company is also implementing a Bitcoin treasury management strategy [5]