Tenon Medical Secures Funding to Expand Fusion System Operations

An update from Tenon Medical, Inc. ( (TNON) ) is now available.

Tenon Medical, Inc. has successfully closed a $4.5 million public offering, managed by A.G.P./Alliance Global Partners, involving the sale of common stock and warrants to a healthcare-focused institutional investor. Priced at-the-market under Nasdaq rules, the proceeds are set to fund the expansion of their Catamaran SI Joint Fusion System, including clinician training, post-market studies, additional hiring, and other corporate expenses. The offering, which includes restrictions on the company’s sale of additional securities for specific periods, was made pursuant to an effective registration statement with the SEC.

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