The latest update is out from OneMedNet (ONMD).
OneMedNet Corporation, in a private placement deal with Helena Global Investment Opportunities 1 Ltd., has secured a funding package of up to $4.54 million through senior secured convertible notes and accompanying warrants. The financing is structured across multiple tranches, with provisions for portions of the proceeds to be held in escrow, subject to certain release conditions. Additionally, executive leadership changes include the retirement of CEO Paul J. Casey, who remains on the Board, and the appointment of Aaron Green as the new CEO and Board member, tasked with spearheading the company’s growth and strategic partnerships in the healthcare IT sector.
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