Tenon Medical Raises $2.85M via PIPE Financing
Update: 2025-11-14
Description
Tenon Medical Incorporateds stock surged by 3.4% in premarket trading after securing a $2.85 million PIPE financing. The medical device company, known for its work on sacro-pelvic disorders, issued 2.22 million shares and warrants for an equal number, priced at $1.29 per share. The warrants, with an exercise price of $1.16 per share, expire in three years. Tenon Medical plans to use the funds for working capital, product launches, commercial expansion, clinical studies, and core business activities.
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