iNeedMD Holdings, Inc. (OTCPK:NEMD) announced that it will receive $7,000,000 in a round of funding on June 27, 2014. The company will issue common stock in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $50,000. Spartan Capital Securities, LLC will act as placement agent to the company and will receive a sales commission of 10% of gross proceeds in the transaction.

On August 15, 2014, iNeedMD Holdings, Inc. (OTCPK:NEMD) closed the transaction. The company issued 8,400,000 common shares each at a price of $1 for gross proceeds of $8,400,000 in the transaction. Transaction involved participation from a group of accredited investors.