Tenon Medical issues new warrants after $2.87 million exercise agreements

Tenon Medical entered warrant exercise agreements for 572,179 shares, generating gross cash proceeds of $2.87 million.

Exercising holders will receive new unregistered warrants for 858,269 shares, priced at $5.02 per share.

The new warrants become exercisable immediately and expire five years from issuance. Closing is expected on or about Sept. 14, 2026.

The company plans to file an SEC registration statement covering resale of the shares issuable on exercise of the new warrants.