OneMedNet Corp. (NASDAQ:ONMD) shares surged 33% to $0.94 after the bell on Tuesday, following the healthcare data company’s announcement of an $11.5 million agreement to supply its regulatory-grade iRWD™ imaging data platform to train a foundational AI model. The stock had closed the regular session up 17.79% at $0.71.
Deal Details
According to the company, the iRWD platform enables secure, scalable delivery of multi-modal data optimized for AI training, regulatory submissions and advanced analytics.
Under the agreement, OneMedNet will deliver de-identified medical imaging and clinical reports immediately.
CEO Aaron Green called the deal validation of the company’s ability to deliver “regulatory decision-grade Real-World Data at the scale and quality required for foundational AI model development.”
Chairman Jeffrey Yu highlighted the platform’s built-in anonymization for live, longitudinal healthcare data access.
Expanding Network Underscores Growth Potential
The company said its provider network spans over 90 million patient journeys and 270 million clinical studies across more than 2,300 healthcare sites, underscoring the scale behind the deal.
Last week, the company disclosed in a Securities and Exchange Commission filing that its 2026 Annual Meeting of Stockholders is scheduled for Sept. 18, with a stockholder record date of Aug. 11.
Trading Metrics, Technical Analysis
OneMedNet has a market capitalization of $40.11 million, with a 52-week high of $4.22 and a 52-week low of $0.44.
The Relative Strength Index (RSI) of ONMD stands at 53.54.
Over the past 12 months, the stock has risen by 47.71%.
ONMD is currently trading near its 52-week low.
Price Action: The stock of the Minnesota-based company closed at $0.71 on Tuesday, up 17.79%, according to Benzinga Pro data.
Benzinga’s Edge Stock Rankings indicate that ONMD has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: MMD Creative on Shutterstock.com
Login to comment