secwatch.observer — SEC 8-K summary
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Issuer:     Tenon Medical, Inc. (TNON)
CIK:        0001560293
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001213900-23-058916
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenon Medical receives Nasdaq deficiency notice for bid price below $1.00 per share
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- Nasdaq letter dated July 20, 2023; common stock failed to maintain $1.00 minimum bid for 30 consecutive days (June 6-July 19, 2023).
- Initial 180-day compliance period runs to January 16, 2024; must close at $1.00+ for 10 consecutive trading days to regain compliance.
- If not cured by Jan 16, company may qualify for an additional 180-day period by meeting other listing standards and potentially executing a reverse stock split.
- Stock continues trading on The Nasdaq Capital Market under symbol TNON while company evaluates options to regain compliance.
- No assurance of regaining compliance; failure could lead to delisting and a potential appeal to a Nasdaq hearings panel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560293/000121390023058916/0001213900-23-058916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560293/000121390023058916/ea182108-8k_tenonmed.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-058916

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