OneMedNet Announces Related Receipt Of Nasdaq Notice Regarding Delayed Form 10-Q, Has Regained Compliance With Nasdaq Minimum Closing Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
OneMedNet Corporation (NASDAQ:ONMD) has announced that it has regained compliance with Nasdaq's minimum closing bid price rule and has secured financing from an institutional investor to support its aggressive growth plans.
June 24, 2024 | 12:13 pm
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POSITIVE IMPACT
OneMedNet Corporation has regained compliance with Nasdaq's minimum closing bid price rule and secured financing from an institutional investor to support its growth plans.
Regaining compliance with Nasdaq's minimum bid price rule removes a significant risk of delisting, which is positive for investor confidence. Additionally, securing financing from an institutional investor indicates strong support for the company's growth plans, which could lead to increased revenues and stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100