Tenon Medical issues new stock warrants after $2.87 million inducement exercise
TNON•New warrants and registration filing
The new warrants will expire five years from issuance. Closing is expected on or about Sept. 14, 2026.
The company also agreed to file a resale registration statement for the shares issuable on exercise of the new warrants.
Inducement exercise brings in $2.87 million
Tenon Medical entered warrant exercise agreements for 572,179 shares, generating $2,872,338.58 in gross cash proceeds.
Exercising holders will receive new unregistered warrants for 858,269 shares at a $5.02 exercise price, exercisable immediately.
