OneMedNet Announces $4.6M Private Placement
Portfolio Pulse from Benzinga Newsdesk
OneMedNet Corporation (NASDAQ:ONMD) announced a $4.6M private placement with institutional investors, including affiliates of Off the Chain Capital and Discovery Capital Management. The funds will be used for working capital, general corporate purposes, and a $1.8M Bitcoin purchase.
July 26, 2024 | 12:36 pm
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OneMedNet Corporation (NASDAQ:ONMD) completed a $4.6M private placement, selling shares and pre-funded warrants to institutional investors. The company plans to use the funds for working capital, general corporate purposes, and a $1.8M Bitcoin purchase.
The successful private placement provides OneMedNet with additional capital for operational needs and strategic investments, including a notable $1.8M Bitcoin purchase. This could positively impact investor sentiment and stock price in the short term.
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