5 stories mentioning TNONUpdated 2h ago
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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%
Tenon Medical (TNON) regained compliance with Nasdaq's minimum stockholders' equity requirement for continued listing, the company said Monday.The company said it must demonstrate continued compliance in its quarterly report for the period ending Sept. 30 or face renewed delisting proceedings, which would be subject to appeal.Price: $0.20, Change: $-0.01, Percent Change: -2.88%
Tenon Medical (TNON) said Thursday that its Catamaran SI Joint Fusion System received 510(k) clearance from the US Food and Drug Administration.The company said that the updated clearance for the SI Joint Fusion System, which offers a minimally invasive surgical approach to the sacroiliac joint, incorporates instrument upgrades and reclassifies certain instruments from disposable to reusable status.Tenon said that these updates will further improve the system's performance and provide economic benefits by eliminating ongoing per-procedure costs previously associated with disposable instrumentation.Shares of the company were up 8% in Thursday's premarket trading.
Tenon Medical (TNON) said Wednesday it has closed a public offering of shares and warrants, raising gross proceeds of $4.2 million.The offering consisted of about 11.1 million shares and warrants to purchase up to about 13.3 million shares at a public offering price of $0.38 per share and accompanying warrant, the company said.Net proceeds from the offering will be used for partial repayment of outstanding convertible notes, commercial expansion of its product portfolio, marketing activities, working capital and general corporate purposes, the company said.Tenon Medical shares were down 7.7% in Wednesday trading.Price: $0.31, Change: $-0.02, Percent Change: -5.85%
Tenon Medical (TNON) priced a public equity offering expected to raise about $4.2 million in gross proceeds before fees and expenses.The offering includes up to 11.05 million shares of common stock, or pre-funded warrants in their place, along with warrants to purchase up to 13.26 million additional shares, the company said Tuesday in a statement.Investors will pay a combined public offering price of $0.38 a share, including the exercise price of any pre-funded warrant issued instead of common stock, the company said.Tenon said it will use the proceeds for debt repayment and general corporate purposes.Price: $0.34, Change: $-0.11, Percent Change: -24.48%
