OneMedNet Corp. Faces Nasdaq Delisting Notice
Ticker: ONMDW · Form: 8-K · Filed: Jun 14, 2024 · CIK: 1849380
| Field | Detail |
|---|---|
| Company | Onemednet CORP (ONMDW) |
| Form Type | 8-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50, $1, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, corporate-actions
Related Tickers: ONMD
TL;DR
Nasdaq's kicking ONMD off the exchange, big trouble ahead.
AI Summary
OneMedNet Corp. announced on June 10, 2024, that it received a notice from the Nasdaq Stock Market indicating a failure to meet continued listing requirements. The company is also filing financial statements and exhibits as part of this report. OneMedNet was formerly known as Data Knights Acquisition Corp. before changing its name on March 4, 2021.
Why It Matters
This filing indicates potential delisting from Nasdaq, which could significantly impact the liquidity and valuation of OneMedNet's stock.
Risk Assessment
Risk Level: high — Receiving a notice of delisting from a major stock exchange like Nasdaq poses a significant risk to the company's continued trading and investor confidence.
Key Players & Entities
- OneMedNet Corp. (company) — Registrant
- Nasdaq Stock Market (company) — Exchange issuing delisting notice
- Data Knights Acquisition Corp. (company) — Former company name
- June 10, 2024 (date) — Date of earliest event reported
- March 4, 2021 (date) — Date of name change
FAQ
What specific continued listing rule did OneMedNet Corp. fail to meet?
The filing states that OneMedNet Corp. received a notice from the Nasdaq Stock Market indicating a failure to satisfy a continued listing rule or standard, but the specific rule is not detailed in this excerpt.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is June 10, 2024.
What was OneMedNet Corp.'s former company name?
OneMedNet Corp.'s former company name was Data Knights Acquisition Corp.
When did OneMedNet Corp. change its name from Data Knights Acquisition Corp.?
The name change from Data Knights Acquisition Corp. to OneMedNet Corporation occurred on March 4, 2021.
What other items are being filed by OneMedNet Corp. in this report?
In addition to the notice of delisting, OneMedNet Corp. is filing financial statements and exhibits.
Filing Stats: 598 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-06-14 17:15:39
Key Financial Figures
- $0.0001 — hich Registered Class A Common Stock, $0.0001 par value per share ONMD The Nasdaq
- $11.50 — A Common Stock at an exercise price of $11.50 per share ONMDW The Nasdaq Stock Ma
- $1 — urities maintain a minimum bid price of $1 per share. However, the Rules provide t
- $1.00 — the Company's common stock has been at $1.00 per share or greater. Accordingly, the
Filing Documents
- form8-k.htm (8-K) — 43KB
- 0001493152-24-023930.txt ( ) — 260KB
- onmd-20240610.xsd (EX-101.SCH) — 4KB
- onmd-20240610_def.xml (EX-101.DEF) — 26KB
- onmd-20240610_lab.xml (EX-101.LAB) — 36KB
- onmd-20240610_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
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: June 14, 2024 By: /s/ Aaron Green Name: Aaron Green Title: Chief Executive Officer