24/7 Market News Snapshot 24 June, 2025 – OneMedNet Corp Class A Common Stock (NASDAQ:ONMD)

June 24, 2025

DENVER, Colo., 24 June, 2025 (www.247marketnews.com) – (NASDAQ:ONMD) are discussed in this article.
OneMedNet Corporation has recently made significant strides in both market performance and financial health. The company’s stock (ONMD) experienced a remarkable surge in pre-market trading, reaching $0.701, which marks a 106.18% increase from the previous day’s close of $0.340. This substantial rise can be attributed to burgeoning investor confidence, reflected in a trading volume of 21.25 million shares. Analysts are closely observing this momentum, indicating a positive outlook for the company in the near future.

In addition to its market performance, OneMedNet announced a successful private placement aimed at raising approximately $3.7 million through agreements with accredited investors at $0.42 per share. This strategic financing initiative, completed on June 19, 2025, will enhance the company’s working capital and support its corporate initiatives. Notably, this funding round saw participation from the company’s founders and directors, reinforcing belief in OneMedNet’s growth trajectory.

Moreover, OneMedNet has adopted significant measures to fortify its balance sheet by settling around $3.26 million in deferred underwriter fees and $1.08 million in trade payables. The company has also converted approximately $6.56 million of existing notes into common stock and executed a cash redemption for $250,000 under an original convertible note. These initiatives have successfully reduced total liabilities by nearly 60% since March 31, 2025.

As OneMedNet continues to innovate in the healthcare data management sector, leveraging its proprietary iRWD™ platform, the company is well-positioned to advance real-world data applications across industries. This commitment to transforming patient care and enhancing compliance through advanced AI techniques signifies a promising future for OneMedNet as it prepares for continued expansion and success.

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