Tenon Medical prices $5.6M public offering at $0.56 per unit
- 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.