Tenon Medical closes $4.2M public offering of common stock and warrants

Tenon Medical, Inc.

Gross proceeds of $4.2M from offering of 11,052,631 shares (or pre-funded warrants) and common warrants to purchase up to 13,263,159 shares at $0.38 per unit.
Net proceeds to be used for partial repayment of convertible notes, commercial expansion, sales hires, R&D, and working capital.
Placement agent WallachBeth Capital received 6.5% cash fee plus warrants for 331,579 shares at 120% of offering price.
Officers and directors subject to 60-day lock-up; company restricted from further equity issuance for 30 days and variable rate transactions for 3 months.
Common warrants exercisable at $0.38 per share for 5 years; pre-funded warrants exercisable at $0.001.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.