Tenon Medical closes $5.6M public offering of 10M units at $0.56

Tenon Medical, Inc.

Sold 10,000,000 units at $0.56/unit; each unit consists of one share and two warrants exercisable at $0.56.
Gross proceeds ~$5.6M; net proceeds for sales/marketing, clinician training, clinical studies, working capital.
Warrants immediately exercisable, expire in 5 years, trade on Nasdaq under TNONW.
Offering closed June 16, 2023; Maxim Group LLC acted as sole placement agent.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Tenon Medical, Inc. entered into Placement Agency Agreement with Maxim Group LLC (effective 2023-06-14).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC
Effective: 2023-06-14

Exact text from the filing

The Company also entered into a Placement Agency Agreement with the Placement Agent (the “Placement Agency Agreement”) on June 14, 2023.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Tenon Medical, Inc. entered into Securities Purchase Agreement with two investors valued at $5.6 million (effective 2023-06-14).

Action: entry
Agreement: equity purchase
Counterparty: two investors
Value: $5.6 million
Effective: 2023-06-14

Exact text from the filing

On June 14, 2023, Tenon Medical, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with two investors, pursuant to which the Company agreed to sell, issue and deliver to such investors a total of 747,600 units ( “Units"), with each Unit consisting of (i) one share of common stock of the Company (the “Common Stock"), par value $0.001 per share, and (ii) two warrants, each warrant to purchase one share of Common Stock at an exercise price equal to $0.56 per share of Common Stock (the “Warrants").

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38 material agreements filed in the last 30 days. Browse all material agreements →

Tenon Medical, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-050120

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