Tenon Medical issues $5.16M principal 20% OID convertible notes for $4.3M gross proceeds

Tenon Medical, Inc.

$5.16M principal 20% Original Issue Discount Senior Convertible Notes, gross proceeds ~$4.3M, maturity 9/11/2026.
Conversion price equal to 80% of 3-day VWAP after six months, subject to adjustment.
Prepayment at 102.5% of principal; mandatory prepayment of 15% of net proceeds from any securities financing.
WallachBeth Capital acted as placement agent; 7% cash fee plus $65,000 expense reimbursement.
8-K/A corrects aggregate principal from $4.3M to $5.16M; offering exempt under Reg D/Sec. 4(a)(2).

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