secwatch.observer — SEC 8-K summary
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Issuer:     Tenon Medical, Inc. (TNON)
CIK:        0001560293
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001213900-24-077584
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560293/000121390024077584/0001213900-24-077584-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560293/000121390024077584/ea0214188-8k_tenon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-077584

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