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Stock impact report

Tenon Medical Announces Closing of $2.85 Million At-The-Market PIPE Financing [Yahoo! Finance]

Tenon Medical, Inc. (TNON) 
Company Research Source: Yahoo! Finance
company transforming care for patients suffering with certain sacro-pelvic disorders, today announced the successful closing of its previously announced at-the-market private investment in public equity (the "PIPE") financing. As part of the closing of the PIPE, Tenon Medical has issued an aggregate of 2,217,904 shares of common stock (the "Issued Shares") along with warrants (the "PIPE Warrants") to purchase an equal number of shares. Each share and accompanying warrant were offered at a combined price of $1.285. The PIPE Warrants have an exercise price of $1.16 per share and will expire three years from the date of issuance. Both the Issued Shares and the shares underlying the PIPE Warrants carry customary resale registration rights. The PIPE generated gross proceeds of approximately $2.85 million, which Tenon intends to use for working capital and general corporate purposes, including upcoming product launches, expansion of commercial operations, advancement of clinical studies Show less Read more
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