Tenon Medical (TNON) said Monday it received notice from Nasdaq confirming the company has regained compliance with the $1.00 per share minimum bid price requirement.
Following a 1-for-35 reverse stock split on Aug. 10, the company said its shares closed at $1.00 apiece or greater for 10 consecutive business days through Aug. 21.
Shares of Tenon Medical were down more than 5% in Monday trading.
Price: $6.43, Change: $-0.41, Percent Change: -5.93%