Tenon Medical receives Nasdaq delisting notice for insufficient publicly held shares after reverse split

Tenon Medical, Inc.

Nasdaq notified Tenon on Sept 9, 2024, that publicly held shares of 490,364 are below the 500,000 minimum required by Listing Rule 5550(a)(4).
The shortfall resulted from a 1-for-8 reverse stock split on Sept 6, 2024, reducing outstanding shares from 4,081,767 to 510,221.
Company has until Oct 24, 2024 to submit a plan to regain compliance and expects to do so via a public offering under its Form S-1 filed Aug 14, 2024.
The notification does not immediately affect trading of TNON common stock on The Nasdaq Capital Market.

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