TNON - Tenon Medical prices $5.6M public offering at $0.56 per unit
2023-06-14 08:17:43 ET
- Tenon Medical ( NASDAQ: TNON ) has announced the pricing of its public offering of 10M units , with each unit consisting of one share of common stock and two warrants, each warrant to purchase one share of common stock.
- Each unit is being sold at a public offering price of $0.56 and the warrants in the units will be immediately exercisable at a price of $0.56/share having, expiry of five years.
- Gross proceeds are expected to be ~$5.6M and the offering is expected to close on June 16, 2023.
- The warrants are expected to begin trading on the Nasdaq on June 15, 2023, under the symbol "TNONW".
- TNON -56.78% premarket to $0.27.
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Tenon Medical prices $5.6M public offering at $0.56 per unit