Tenon Medical raises $550K via Series B Preferred Stock and warrant private placement

Tenon Medical, Inc.

Aggregate offering price of $550,000 for 86,454 Series B Preferred shares and warrants to buy 16,214 common shares at $4.2756.
Series B Preferred convertible into common at $5.09 per share, subject to weighted-average anti-dilution after stockholder approval.
Company may force 50% conversion if VWAP exceeds 250% of conversion price for 10 of 15 days or upon reaching $2.25M quarterly revenue.
Warrants have a five-year term, exercise price $4.2756, and include cashless exercise and anti-dilution rights.
Sale is exempt from registration under Section 4(a)(2) and Regulation D of the Securities Act.

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