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Tenon Medical, Inc. Announces Pricing of $2.5 Million Registered Direct Offering and Concurrent Private Placement Priced At-The-Market Under Nasdaq Rules

1. Tenon Medical announces the sale of 1,271,500 shares at $2.00 each. 2. Warrants for 1,271,500 shares will be issued in a concurrent private placement.

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FAQ

Why Neutral?

The offering price aligns with current market valuations, reducing volatility. Previous direct offerings have shown mixed effects on stock price for similar companies.

How important is it?

The announcement may not significantly drive stock price changes but introduces additional shares. The issuance could impact existing shareholder value temporarily.

Why Short Term?

Immediate impact likely due to new shares entering the market. Past offerings have led to quick adjustments in stock price before stabilizing.

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SILCAEMD
LOS GATOS, CA / ACCESS Newswire / March 25, 2025 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon" or the "Company"), a company transforming care for patients suffering with certain sacroiliac joint (SI Joint) disorders, today announced it has entered into a securities purchase agreement with a single healthcare focused institutional investor for the issuance and sale of 1,271,500 shares of its common stock (or common stock equivalents in lieu thereof) in a registered direct offering priced at-the-market under Nasdaq rules at a purchase price of $2.00. In a concurrent private placement (the "Private Placement" and together with the registered offering, the "Offerings"), the Company also agreed to issue to the same investor warrants to purchase up to 1,271,500 shares of its common stock (the "Common Warrants").

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