24/7 Market News Snapshot 26 Jul 2024 – OneMedNet Corp Class A Common Stock (NASDAQ: ONMD)

July 26, 2024 2:09

Press Release

DENVER, Colo., 26 July, 2024 (247marketnews.com) – (Nasdaq:ONMD) are discussed in this article.
OneMedNet Corp Class A Common Stock (ONMD) has experienced a notable surge in stock price, with a significant increase of 50.49% today, trading at $1.230 from an opening price of $0.916. This uptick underscores strong buying activity and positive investor sentiment. Technical analysis hints at a potential short-term bullish trend, potentially attracting more trader interest. Investors are advised to monitor ONMD closely for further developments following this sharp rise.

In parallel, OneMedNet Corporation (Nasdaq:ONMD) has successfully concluded a momentous private placement with select institutional investors, yielding approximately $4.6 million in gross proceeds. Notable participants include Off the Chain Capital and Discovery Capital Management, solidifying OneMedNet’s position in Real World Data aggregation. This strategic move aligns with Nasdaq rules and underscores the company’s financial robustness and forward-looking strategy.

The proceeds from this transaction will support working capital enhancements and corporate initiatives, exemplifying OneMedNet’s dedication to innovation. A noteworthy allocation sees $1.8 million of the net proceeds earmarked for the strategic acquisition of Bitcoin, showcasing OneMedNet’s prudent financial diversification. This development not only bolsters OneMedNet’s financial standing but also propels the company towards sustained growth and market leadership in Real World Data aggregation and electronic health record management.

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