Tenon Medical receives Nasdaq delisting notice for failing minimum equity requirement

Tenon Medical, Inc.

Stockholders' equity of $832k as of June 30, 2024, below Nasdaq's $2.5M minimum requirement.
Company has until October 7, 2024 to submit a compliance plan; extension up to 180 days possible.
If plan rejected or compliance not regained, securities subject to delisting; appeal to Hearings Panel available.
Current listing and trading of common stock and warrants on Nasdaq not immediately affected.

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