Yu Jeffrey bought ONMD
June 17, 2025 · Form 4 insider transaction
Yu Jeffrey bought 479,270 shares of OneMedNet Corporation at $1.14 per share, a transaction worth $546.4K. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 162 days after the transaction.
Footnotes
On June 28, 2023, Data Knights Acquisition Corp. ("Data Knights") (the predecessor of the issuer) and certain investors, including the reporting person (collectively, the "Purchasers"), entered into a securities purchase agreement pursuant to which Data Knights issued and sold to the Purchasers senior secured convertible notes (the "PIPE Notes"), which are convertible into shares of common stock at each Purchasers' election, at a conversion price equal to the lower of (i) $10.00 per share, or (ii) 92.5% of the lowest volume weighted average trading price for the ten (10) trading days immediately preceding the conversion date, subject to a floor price of $1.14. The PIPE Notes matured on the first anniversary of the issuance date (November 7, 2024), subject to extension pursuant to the terms of the PIPE Notes. The conversion shares included accrued interest from the date of issuance.