Tenon Medical Announces Closing of $2.85 Million At-The-Market PIPE Financing

About this update from Tenon Medical, Inc.

[{"type":"text","content":"LOS GATOS, CA / ACCESS Newswire / November 14, 2025 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon" or the "Company"), a company transforming care for patients suffering with certain sacro-pelvic disorders, today announced the successful closing of its previously announced at-the-market private investment in public equity (the "PIPE") financing.","length":374,"tagName":"p"},{"type":"text","content":"As part of the closing of the PIPE, Tenon Medical has issued an aggregate of 2,217,904 shares of common stock (the "Issued Shares") along with warrants (the "PIPE Warrants") to purchase an equal number of shares. Each share and accompanying warrant were offered at a combined price of $1.285. The PIPE Warrants have an exercise price of $1.16 per share and will expire three years from the date of issuance. Both the Issued Shares and the shares underlying the PIPE Warrants carry customary resale registration rights.","length":538,"tagName":"p"},{"type":"text","content":"The PIPE generated gross proceeds of approximately $2.85 million, which Tenon intends to use for working capital and general corporate purposes, including upcoming product launches, expansion of commercial operations, advancement of clinical studies, and continued investment in core business operations.","length":304,"tagName":"p"},{"type":"text","content":"The securities sold in the PIPE have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws and accordingly may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.","length":426,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.","length":389,"tagName":"p"},{"type":"text","content":"About Tenon Medical, Inc.","length":25,"tagName":"p"},{"typ...

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