10/09/2025 | Press release | Distributed by Public on 10/09/2025 06:01
Item 8.01. Other Events.
As previously disclosed, on April 10, 2025, OneMedNet Corporation (the "Company") received a letter from the staff of the Listing Qualifications department (the "Staff") of The Nasdaq Stock Market ("Nasdaq") notifying the Company that it was not in compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule"), and providing a grace period until October 7, 2025 to regain compliance.
On October 8, 2025, the Company received written notice (the "Notice") from the Staff indicating that the Company has regained compliance with the Bid Price Rule. The Notice states that for 10 consecutive business days from September 24, 2025 through October 7, 2025, the closing bid price of the Company's common stock was at least $1.00 per share. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and this matter is now closed.