Tenon Medical, Inc. closed a private placement on August 31, 2026, raising gross proceeds of $2,999,404.59 from the sale of pre-funded warrants and Series A warrants to an institutional investor. The transaction involved issuing 597,610 shares underlying pre-funded warrants at $5.019 per unit and 1,058,517 Series A warrants exercisable at $5.02 per share. WallachBeth Capital LLC served as the exclusive placement agent, receiving a 7% fee plus expenses. The company intends to use net proceeds for debt repayment, working capital, and general corporate purposes. Tenon Medical operates in the medical device industry, developing systems for sacro-pelvic disorders.
