OneMedNet Faces Nasdaq Non-Compliance Over Minimum Bid Price
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OneMedNet (ONMD) has received a notice from Nasdaq for non-compliance with the $1.00 minimum bid price requirement, as its stock traded below this threshold for 30 consecutive business days. The company has 180 days to raise its share price to at least $1.00 for ten consecutive trading days, with a possible extension. OneMedNet may consider options like a reverse stock split to regain compliance, but failure to meet Nasdaq requirements could lead to delisting, impacting liquidity and capital access. The company operates in healthcare and medical data technology, with a market cap of $46.04M.
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