Tenon Medical regains compliance with Nasdaq minimum equity requirement after $4.866M offering

Tenon Medical, Inc.

Received Nasdaq non-compliance notice on May 17, 2023 for minimum stockholders' equity of $2.5 million.
Completed public offering on June 16, 2023 of 10M units (1 share + 2 warrants each), net proceeds $4.866 million.
As of July 10, 2023, believes it is in compliance with the Minimum Equity Requirement.
Nasdaq will continue to monitor; failure to maintain compliance at next periodic report may lead to delisting.

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