Form 8-K - Current report
09 Fevereiro 2024 - 6:15PM
Edgar (US Regulatory)
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2024-02-07
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2024-02-07
2024-02-07
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2024-02-07
2024-02-07
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): February 7, 2024
ONEMEDNET
CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-40386 |
|
86-2076743 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification Number) |
6385
Old Shady Oak Road, Suite 250
Eden
Prairie, MN 55344
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: 800-918-7189
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
|
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of Each Exchange on Which Registered |
Class
A Common Stock, $0.0001 par value per share |
|
ONMD |
|
The
Nasdaq Stock Market LLC |
Redeemable
Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share |
|
ONMDW |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
OneMedNet
Corporation (the “Company”) received written notice (the “Nasdaq Notice”), dated February 7, 2024, from the Nasdaq
Stock Market (“Nasdaq”) indicating that for the preceding 30 consecutive business days, the market value of the Company’s
listed securities (“MVLS”) did not maintain a minimum market value of $50,000,000 (the “Minimum MVLS Requirement”)
as required by Nasdaq Listing Rule 5450(b)(2)(A).
In
accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a compliance period of 180 calendar days, or until August 5, 2024,
to regain compliance with the Minimum MVLS Requirement. Compliance may be achieved if the Company’s MVLS closes at $50,000,000
or more for a minimum of ten consecutive business days at any time during the 180-day compliance period, in which case Nasdaq will notify
the Company of its compliance and the matter will be closed.
If
the Company does not regain compliance with the Minimum MVLS Requirement by August 5, 2024, Nasdaq will provide written notification
to the Company that its common stock is subject to delisting. At that time, the Company may appeal the relevant delisting determination
to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules. However, there can be no assurance,
if the Company does appeal the delisting determination by Nasdaq to the hearings panel, that such appeal would be successful. In such
event, the Company may also seek to apply for a transfer to The Nasdaq Capital Market if it meets the requirements for continued listing
thereon.
The
Nasdaq Notice received have no immediate effect on the Company’s continued listing on the Nasdaq Global Market or the trading of
Company’s common stock, subject to the Company’s compliance with the other continued listing requirements. The Company is
presently evaluating potential actions to regain compliance with all applicable requirements for continued listing on the Nasdaq Global
Market. There can be no assurance that the Company will be successful in maintaining the listing of its common stock on the Nasdaq Global
Market.
Except
for the factual statements made herein, information contained in this report consists of forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict.
Words such as “will,” “may,” “intends,” “potential,” and similar expressions, or the
use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such
forward-looking statements are not guarantees of performance and actual actions or events could differ materially from those contained
in such statements. For example, there can be no assurance that the Company will regain compliance with the Minimum MVLS Requirement
during the relevant compliance period or in the future, or otherwise meet Nasdaq compliance standards thereafter. The forward-looking
statements contained in this Current Report on Form 8-K (this “Report”) speak only as of the date of this Report and the
Company undertakes no obligation to publicly update any forward-looking statements to reflect changes in information, events or circumstances
after the date of this Report, unless required by law.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
ONEMEDNET
CORPORATION |
|
|
Date:
February 9, 2024 |
|
|
|
By: |
/s/
Paul J. Casey |
|
Name: |
Paul
J. Casey |
|
Title: |
Chief
Executive Officer |
v3.24.0.1
Cover
|
Feb. 07, 2024 |
Document Type |
8-K
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Amendment Flag |
false
|
Document Period End Date |
Feb. 07, 2024
|
Entity File Number |
001-40386
|
Entity Registrant Name |
ONEMEDNET
CORPORATION
|
Entity Central Index Key |
0001849380
|
Entity Tax Identification Number |
86-2076743
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
6385
Old Shady Oak Road
|
Entity Address, Address Line Two |
Suite 250
|
Entity Address, City or Town |
Eden
Prairie
|
Entity Address, State or Province |
MN
|
Entity Address, Postal Zip Code |
55344
|
City Area Code |
800
|
Local Phone Number |
918-7189
|
Written Communications |
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Soliciting Material |
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|
Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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|
Entity Emerging Growth Company |
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|
Elected Not To Use the Extended Transition Period |
false
|
Class A Common Stock, $0.0001 par value per share |
|
Title of 12(b) Security |
Class
A Common Stock, $0.0001 par value per share
|
Trading Symbol |
ONMD
|
Security Exchange Name |
NASDAQ
|
Redeemable Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share |
|
Title of 12(b) Security |
Redeemable
Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
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Trading Symbol |
ONMDW
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Security Exchange Name |
NASDAQ
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