09/15/2025 | Press release | Distributed by Public on 09/15/2025 06:31
Item 8.01. Other Events.
As previously disclosed, on March 12, 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 had failed to maintain a minimum market value of listed securities of $35,000,000 required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2), and providing a grace period until September 2025 to regain compliance.
On September 11, 2025, the Company received notice (the "Notice") from the Staff notifying the Company that the Staff had determined that for the last 10 consecutive business days, from August 27, 2025 to September 10, 2025, the Company's market value of listed securities had been $35,000,000 or greater, and accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(b)(2) and the matter is now closed.