InvestmentJul 1, 2026, 05:26 PM
OneMedNet Enters $25M Standby Equity Purchase Agreement
AI Summary
OneMedNet Corporation has entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd., providing the company with the option to sell up to $25 million of its common stock. The shares would be purchased at 97% of the market price, with the company retaining the right to set a minimum acceptable price. The agreement includes limitations on Yorkville's beneficial ownership and an exchange cap on the total number of shares issued.
Key Highlights
- Entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd. (Yorkville).
- Company has the option to sell up to $25 million of common stock to Yorkville.
- Shares will be purchased at 97% of the market price.
- Company can establish a minimum acceptable price for each advance.
- Yorkville's beneficial ownership is capped at 4.99% of outstanding shares.
- Aggregate shares issued under SEPA limited to 11,386,834 (19.99% of shares outstanding as of June 30, 2026).
- The SEPA terminates on its 36-month anniversary.
Price Impact
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