Home / Going-concern warnings / OneMedNet Corp

3/5OneMedNet Corp (ONMD): Going-concern doubt

Filed 2025-05-14 路 Form 10-Q 路 Accession 0001641172-25-010321 nano

Market data

Price before filing: $4.19 (2025-05-13 close, split/dividend-adjusted)
Market cap at flag: $17.2M (2025-05-14) 路 Latest: $26.2M (2026-10-16)

What happened next

WindowONMDSPYvs SPY
30 days-22.9%+1.7%-24.6%2025-06-13
90 days+11.7%+9.8%+1.9%2025-08-12
180 days+269.9%+16.8%+253.1%2025-11-10

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: 1 insider bought $23K (1 purchase)
30 days after: none reported.

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-04-21Kosasa Thomas
Director
Purchase47,000$0.49$23KnoForm 4
2025-05-14: red flag filed

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-13 to 2025-06-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"Therefore, these conditions raise substantial doubt about the Company's ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-Q (period 2025-03-31)

Why this score: quarterly (unaudited) disclosure

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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