OneMedNet Stock Surges 100% to 233rd in Daily Rankings with $34.8 Million Turnover

On June 24, 2025, OneMedNet (ONMD) experienced a significant surge in trading volume, with a total turnover of $34.8 million, marking a 1404193.1% increase from the previous day. This substantial rise in trading activity propelled OneMedNet to the 233rd position in the daily stock market rankings. The stock price of OneMedNet soared by 100.00%.

OneMedNet's stock price surged following the announcement of a $3.7 million funding round and a 60% reduction in liabilities. The company successfully completed a private placement agreement on June 19, 2025, raising approximately $2.5 million through the sale of common stock and pre-funded warrants. These funds are earmarked for general corporate purposes and working capital. Additionally, OneMedNet secured an extra $1.2 million from subscription agreements with Dr. Thomas Kosasa and Dr. Jeffrey Yu. The company also converted approximately $3.3 million in loans from Dr. Kosasa and Dr. Yu into common stock, further reducing its outstanding liabilities by 60% as of March 31, 2025.