Tenon Medical Secures $2.85 Million Through At-The-Market PIPE Financing

Tenon Medical has completed a $2.85 million at-the-market PIPE financing, issuing 2.2 million shares of common stock and warrants to purchase an equal number of shares at a combined price of $1.285 per share. The company plans to use the funds for working capital, product launches, commercial expansion, clinical studies, and core business operations. The securities sold in the PIPE have not been registered under the Securities Act or applicable state securities laws.