OneMedNet sets $25M standby share purchase deal
OneMedNet Corporation entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. that allows the company, at its option, to sell up to $25 million of common stock over time.
Rhea-AI Filing Summary
OneMedNet Corporation entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. that allows the company, at its option, to sell up to $25 million of common stock over time. Sales can begin only after a resale registration statement for these shares becomes effective.
The agreement runs for 36 months. Each advance is limited to the greater of 500,000 shares and 100% of the stock’s five-day average trading volume, and is priced at 97% of the Market Price as defined in the agreement. Yorkville cannot exceed 4.99% beneficial ownership and, absent shareholder approval, total issuances are capped at 11,386,834 shares, which the company states is 19.99% of the 56,952,652 shares outstanding as of June 30, 2026.
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Insights
OneMedNet secures a flexible $25M equity facility with issuance caps.
OneMedNet Corporation has arranged a Standby Equity Purchase Agreement with YA II PN, Ltd., giving it the option to raise up to $25 million by periodically selling common shares. Pricing at 97% of Market Price ties funding terms directly to the prevailing stock price.
The structure includes several protections: a 4.99% beneficial ownership limit for Yorkville and an Exchange Cap of 11,386,834 shares, equal to 19.99% of 56,952,652 shares outstanding as of June 30, 2026, unless shareholders approve more. Share sales also depend on an effective resale registration statement.
This arrangement can provide incremental liquidity over the 36‑month term, but actual usage will depend on the company’s capital needs and market conditions. Subsequent disclosures about advances under the agreement in future company filings may clarify how much of the $25 million capacity is utilized.
8-K Event Classification
Key Figures
Key Terms
Standby Equity Purchase Agreement financial
resale registration statement regulatory
Market Price financial
Exchange Cap financial
beneficially owning regulatory
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.