Tenon Medical closes warrant inducement, raising $2.87M and issuing 858K new warrants

Tenon Medical, Inc.

Closed Sept 14, 2026: gross proceeds $2,872,338.58 from exercise of 572,179 existing warrants at $5.02/share.
Issued 858,269 new 5-year Series B warrants (150% coverage) at $5.02 exercise price, immediately exercisable.
WallachBeth Capital served as financial advisor; cash fee 7% of gross proceeds plus up to $65,000 expense reimbursement.
Net proceeds to fund working capital and general corporate purposes.
Company to file resale registration statement for shares underlying new warrants within 30 days.

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