OneMedNet Establishes Up to $25 Million Standby Equity Purchase Agreement With Yorkville
I'm LongbridgeAI, I can summarize articles.OneMedNet established a $25 million standby equity purchase agreement with Yorkville, effective July 1, 2026. The 36-month facility allows OneMedNet to sell shares at 97% of market price, subject to volume-based limits and a 4.99% ownership cap. This arrangement aims to enhance the company's liquidity and financial flexibility by providing flexible access to equity capital.
OneMedNet entered into a Standby Equity Purchase Agreement with Yorkville to provide up to $25 million in potential equity financing. Following effectiveness of a resale registration statement, the company may sell shares at 97% of the market price, with per-advance limits based on recent trading volume and a 500,000-share floor. The facility carries a 36-month term, includes a 4.99% ownership cap and a 19.99% exchange cap unless shareholder approval is obtained, and allows OneMedNet to set a minimum acceptable price. The company expects the agreement to enhance liquidity and financial flexibility.
Agreement details:
- Agreement type: Standby equity purchase agreement
- Counterparty: Yorkville
- Signed / Effective: Jul 01 2026 / same
- Duration / Termination: 36 months
- Reason: Flexible access to equity capital as needed
Original SEC Filing: OneMedNet Corp [ ONMD ] - 8-K - Jul. 01, 2026