Key Highlights

• Agreement permits OneMedNet to sell shares worth up to $25 million to Yorkville over a multi‑year period.

• Each advance is limited to the greater of 500,000 shares or 100% of the average daily volume from the five trading days preceding the request.

• Shares will be purchased at 97 % of the market price, with Yorkville’s holdings capped at 19.99 % of total outstanding shares.

OneMedNet (NASDAQ: ONMD) has finalized a standby equity purchase agreement with Yorkville, a Cayman Islands exempt limited partnership, establishing a flexible financing mechanism linked to future equity sales. The agreement outlines clear terms for share issuance, pricing, and investor ownership limits.

Agreement Overview

The standby equity purchase agreement, referred to as the SEPA, authorizes OneMedNet to request incremental sales of its common stock on pre‑agreed conditions. The contract remains effective for several years, after which the provisions terminate.

Funding Capacity

Under the SEPA, OneMedNet may offer Yorkville an aggregate purchase amount of up to $25 million. The equity to be sold consists of the company’s common stock, each share having a par value of $0.0001. This arrangement supplies a significant source of capital while preserving cash resources.

Share Sale Limits

Any individual sales request, known as an “advance,” cannot exceed the greater of 500,000 shares or 100 % of the average daily trading volume for the five days immediately preceding the request. This dual ceiling helps keep each transaction within market‑friendly bounds. The company retains the right to set a minimum acceptable price for each advance, protecting against sales below its valuation floor.

Ownership Caps

Yorkville and its affiliates may not hold more than 4.99 % of the voting power of OneMedNet’s common stock.

Regulatory Conditions

Before invoking an advance, OneMedNet must file a resale registration statement covering any shares issued under the SEPA, and the statement must be effective. This requirement ensures compliance with securities regulations. The SEPA, governs these procedures.

 

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.