Tenon Medical closes $4.5M public offering of shares and warrants at $3.68/unit

Tenon Medical, Inc.

Issued 1,222,850 shares (or pre-funded warrants) plus warrants for 1,222,850 shares at $3.68 per unit.
Gross proceeds of approximately $4.5M before fees; warrants exercisable at $3.55, 5-year term.
Net proceeds to fund commercial launch of Catamaran SI Joint System, clinical studies, and working capital.
Offering closed Sep 16, 2024; A.G.P./Alliance Global Partners acted as sole placement agent.
Company agreed to 60-day lock-up on equity issuance and 6-month ban on variable-rate transactions.

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