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Stock impact report

Exchange Listing, Llc Advises Tenon Medical, Inc. and Secures Nasdaq Listing

Tenon Medical, Inc. (TNON) 
Company Research Source: GlobeNewswire
Fort Lauderdale, FL, May 02, 2022 (GLOBE NEWSWIRE) -- Exchange Listing, LLC has ?nalized the Nasdaq Capital Markets listing for its client, Tenon Medical, Inc. (“Tenon Medical” or the “Company”) (Nasdaq: TNON) on 28 April 2022. The common stock of the medical device company began trading on the Nasdaq exchange under the symbol TNON. Concurrent with the Nasdaq listing, Tenon Medical  announced the pricing of its underwriter’s initial public offering of 3,200,000 common stock, at a price of $5.00 per share which reflects a 2 for 1 reverse stock split that was effective on April 6, 2022. The gross proceeds to Tenon Medical from the offering, before deducting the underwriting discounts and commissions and offering expenses, are expected to be $16 million. The Company, based in Los Gatos, California has developed its proprietary Catamaran™ SIJ Fusion System of instruments and implants to address the pain associated with sacroiliac joint disease.  Exchange Listing has provided incredibl Show less Read more
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