Tenon Medical, Inc. (TNON), a medical device company, announced on Friday the pricing of its public offering. The offering will include up to 1.222 million shares and warrants at a combined price of $3.68 per share.The warrants, priced at $3.55 per share, can be exercised immediately and will expire five years from the date of issuance.The gross proceeds from this offering are expected to be approximately $4.5 million. The offering is scheduled to close on or around September 16.Tenon Medical plans to utilize the net proceeds from this offering to support commercial activities, working capital, and general corporate purposes. As of pre-market trading on Nasdaq, TNON shares saw a significant uptick of 177.5 percent, trading at $12.250.The material has been provided by InstaForex Company – www.instaforex.com
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