Tenon Medical issues 858,269 new warrants at USD 5.02 exercise price after holder exercises existing warrants - TNON News | RalliesTenon Medical issues 858,269 new warrants at USD 5.02 exercise price after holder exercises existing warrants
T
TNON• Warrant inducement deal closes with exercise proceeds
- Tenon Medical closed a warrant inducement deal tied to the exercise of 572,179 outstanding warrants for USD 2.87 million gross proceeds.
- The exercising holder received new unregistered warrants for 858,269 shares at an exercise price of USD 5.02 per share.
- The new warrants are immediately exercisable and expire five years from issuance.
- The company agreed to file an SEC registration statement covering resale of shares issuable upon exercise of the new warrants.
MMI
•
