Tenon Medical, Inc. (TNON) has released an update.
Tenon Medical, Inc. has finalized a private placement deal selling shares and warrants for an aggregated $2.605 million to specific investors. The transaction includes 172,239 Series A Preferred Stock shares and warrants to purchase additional common stock at $1.2705 per share. These preferred shares are convertible into common stock and come with anti-dilution protections, voting rights capped at 9.99% per holder, and preferential treatment in liquidation events. The company has also agreed to file a registration statement for the common stock underlying these securities within 120 days post-closing.
For further insights into TNON stock, check out TipRanks’ Stock Analysis page.
