Tenon Medical acquires SiVantage and SIMPL Medical assets, hires former SiVantage founders as executives

Tenon Medical, Inc.

Acquired substantially all assets of SiVantage (SImmetry) and SIMPL Medical on Aug 1, 2025, for cash, stock, and royalties.
SImmetry consideration includes $750K cash, 710,300 shares (473,533 pledged for 1 year), royalty 15%/10% over 5 years (cap $5M), up to $1.3M deferred cash, and earnout shares.
SIMPL consideration: 30% royalty on net revenue for 5 years (20% after aggregate exceeds $20M); optional stock payment up to 33.3% of quarterly royalty.
Wyatt Geist named Chief Innovation Officer, Nate Grawey named Chief Commercial Officer; each gets $290K base salary and 138,114 restricted shares.
Portfolio now includes SImmetry, SImmetry+, and SIMPL products, making Tenon a multi-approach sacro-pelvic fusion company.

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