TechFlow reported that real-world data (RWD) provider OneMedNet Corporation has completed a private placement financing totaling approximately $4.6 million. Institutional investors participating in this round include affiliates of Off the Chain Capital and Discovery Capital Management.
The company plans to use the net proceeds for working capital and general corporate purposes, with $1.8 million of net proceeds already allocated to purchase bitcoin ($BTC).
In this private placement, OneMedNet issued common stock and prepaid warrants to investors at varying prices. The company has committed to file a registration statement with the U.S. Securities and Exchange Commission regarding the shares involved.
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