other material
confidence high
sentiment neutral
materiality 0.50
Tenon Medical raises $550K via Series B preferred and warrant private placement
Tenon Medical, Inc.
- Sold 86,454 Series B Preferred shares and warrants for 16,214 common shares at $4.2756, raising $550K.
- Series B Preferred convertible at holder's option at $5.09 per share, with weighted-average anti-dilution.
- Company must file resale registration statement for underlying common shares within 120 days of closing.
- Amendment to Series A Preferred Certificate makes Series B pari passu and aligns conversion price with Series B.
- Preferred stock votes with common but capped at 9.99% per holder; no dividends payable.