Tenon Medical Public Offering of Stock & Warrants at $0.6021/unit

Tenon Medical, Inc. filed an S-1/A registration statement for a public offering of 1,812,987 shares of common stock, along with common stock purchase warrants for up to 6,975,584 shares and pre-funded warrants for up to 4,000,000 shares. The assumed combined public offering price is $0.6021 per share and accompanying Common Warrants. The company intends to use the net proceeds for partial repayment of outstanding convertible notes, expansion of its commercial footprint, clinical research, R&D, and general corporate purposes. WallachBeth Capital LLC is acting as the exclusive placement agent for this reasonable best efforts offering.