OneMedNet Corp Announces 1-for-10 Reverse Stock Split

What Happened

• OneMedNet Corporation (ONMD) filed a Certificate of Amendment on September 26, 2026 to implement a 1-for-10 reverse stock split of its common stock, effective 12:01 a.m. Eastern Time on September 29, 2026. The company said the Reverse Stock Split is intended to bring it into compliance with the Nasdaq Capital Market minimum bid price requirement.
• At the Effective Time every 10 issued and outstanding shares will be combined into one share, reducing outstanding common shares from approximately 60,125,902 to about 6,012,591.

Key Details

• Amendment filed with Delaware Secretary of State: September 26, 2026; Effective: September 29, 2026 at 12:01 a.m. ET.
• Share count change: ~60,125,902 → ~6,012,591 (1-for-10).
• No fractional shares will be issued; any fractional shares will be rounded up to the nearest whole share.
• The reverse split does not change the authorized number of shares, par value ($0.0001), or voting rights.
• Outstanding equity awards, restricted stock units, warrants and convertible securities will be proportionately adjusted.
• Common stock will continue trading on Nasdaq under the symbol “ONMD”; new CUSIP after the split: 68270C202.
• Company issued a press release on September 25, 2026 announcing the Reverse Stock Split (filed as Exhibit 99.1).

Why It Matters

• For investors, the reverse split reduces the number of shares outstanding and proportionally increases the per-share price (all else equal), but does not change any holder’s percentage ownership or voting power.
• The move is a compliance step to meet Nasdaq’s minimum bid price requirement; if successful, it helps the company maintain its Nasdaq listing.
• Expect your brokerage account to reflect the reduced share count after the Effective Time and proportionate adjustments to any options, warrants or RSUs. Check your brokerage statements and the company’s press release or SEC filings for any account-specific details.