Business Context and Reporting Period
This Form 8-K was filed by OneMedNet Corporation on April 20, 2026, reporting an event that occurred on April 14, 2026. The Company is incorporated in Delaware and its common stock (ONMD) and redeemable warrants (ONMDW) are listed on The Nasdaq Stock Market LLC.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on regulatory compliance regarding stock listing standards.
Material Changes
The Company received a notice from the Nasdaq Listing Qualifications Department indicating non-compliance with the $1.00 minimum bid price requirement (Nasdaq Listing Rule 5550(a)(2)). This deficiency is based on the closing bid price of the Company's common stock for the last 30 consecutive business days.
Outlook, Risks, and Management Commentary
- Compliance Period: The Company has an initial 180-calendar day grace period, ending October 12, 2026, to regain compliance.
- Requirements to Cure: To regain compliance, the stock must trade at or above $1.00 per share for a minimum of ten consecutive business days during the grace period.
- Secondary Compliance Option: If the Company fails to meet the bid price requirement by October 12, 2026, it may be eligible for an additional 180-day period. This requires meeting the market value of publicly held shares and other initial listing standards, potentially necessitating a reverse stock split.
- Risks: There is no assurance the Company will regain compliance. Failure to do so could result in the delisting of its securities from Nasdaq.
- Management Action: The Company intends to actively monitor the bid price and may consider a reverse stock split if necessary.
Investor Verification Checklist
- Verify the current trading price of ONMD relative to the $1.00 threshold.
- Monitor the Company's stock price for ten consecutive days to assess immediate compliance progress.
- Review future filings for announcements regarding a potential reverse stock split.
- Check the Company's market value of publicly held shares to determine eligibility for the second compliance period if needed.