Tenon Medical regains Nasdaq minimum equity compliance after raising ~$9.6M

Tenon Medical, Inc.

Received Nasdaq notice on Aug 23, 2024 for non-compliance with $2.5M minimum stockholders' equity (reported $832K as of June 30).
Raised ~$9.6M net via Series B preferred ($550K), public offering (~$3.95M), warrant inducement (~$4.32M), and warrant exercise ($812K).
As of Oct 3, 2024, company believes it meets the $2.5M minimum equity requirement.
Nasdaq will continue to monitor compliance at the next periodic report; potential delisting if not maintained.

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