Financing ·
Tenon Medical issues warrant for 125,000 shares to waive ATM offering limit
TNONTenon Medical, Inc.
Tenon Medical issued a Series B common stock purchase warrant exercisable at $5.02 per share to an institutional investor and the placement agent in exchange for waivers of restrictions under its August 2026 securities purchase agreement. The waivers permit the company to increase the amount of shares sold under its existing at-the-market offering program. The company must file a resale registration statement within 60 days and aim for effectiveness within 90 days. Tenon Medical develops and markets minimally invasive surgical devices.