Tenon Medical(R) Announces Pricing of At-The-Market PIPE Financing
Rhea-AI Summary
Tenon Medical (NASDAQ:TNON) announced an at-the-market PIPE financing priced on November 11, 2025 to raise gross proceeds of $2,850,000. Under securities purchase agreements dated September 10, 2025, the company will issue 2,217,904 shares of common stock and warrants to purchase 2,217,904 shares at a combined offering price of $1.285 per share plus warrant. The PIPE warrants carry a $1.16 strike price and expire three years from issuance. The Issued Shares and warrant shares will have customary resale registration rights. Closing is subject to customary conditions. Tenon intends to use proceeds for working capital, product launches, commercial expansion, clinical studies, and core operations.
Positive
- $2.85M gross proceeds raised
- Issued 2,217,904 common shares
- Warrants cover 2,217,904 shares with 3‑year term
- Strategic investor and management participation
Negative
- Potential dilution from 2,217,904 issued shares and warrants
- Warrant strike of $1.16 is below combined offering price, enabling exercise at a lower level
News Market Reaction – TNON
On the day this news was published, TNON declined NaN%, reflecting a moderate negative market reaction. Argus tracked a peak move of +2.8% during that session. Argus tracked a trough of -3.1% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
~ Strategically Placed PIPE With Industry Supportive Investor Cohort ~
LOS GATOS, CA / ACCESS Newswire / November 11, 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 pricing of an at-the-market private investment in public equity (the "PIPE") financing with several accredited investors for total gross proceeds of
The PIPE is designed to provide accretive capital through participation from strategic industry partners and members of Tenon's management team. The Company believes that this alignment underscores the confidence and commitment of key stakeholders in Tenon's long-term vision and growth strategy.
Under the terms of securities purchase agreements, dated September 10, 2025 between the Company and the applicable investors, the Company will issue, an aggregate of 2,217,904 shares of common stock (the "Issued Shares") and warrants (the "PIPE Warrants") to purchase 2,217,904 shares of common stock at a combined offering price of
The gross proceeds from PIPE are expected to be
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.
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.
About Tenon Medical, Inc.
Tenon Medical, Inc., a medical device company formed in 2012, has developed The Catamaran SI Joint Fusion System that offers a novel, less invasive approach to the SI joint using a single, robust titanium implant. The system features the Catamaran™ Fixation Device which passes through both the axial and sagittal planes of the ilium and sacrum, stabilizing and transfixing the SI Joint along its longitudinal axis. The angle and trajectory of the Catamaran surgical approach is also designed to provide a pathway away from critical neural and vascular structures and into the strongest cortical bone. Since the national launch of the Catamaran SI Joint Fusion System in October 2022, Tenon is focused on three commercial opportunities with its System in the SI Joint market which include: 1) Primary SI Joint procedures, 2) Revision procedures of failed SI Joint implants and 3) Augmenting spinal fusion. For more information, please visit www.tenonmed.com.
The Tenon Medical logo shown above, and Catamaran®, PiSIF®, CAT PiSIF®, ETAD®, Posterior Inferior Sacroiliac Fusion®, CAT SIJ Fusion System®, Catamaran SIJ Fusion System®, Catamaran Inferior Posterior Fusion System®, Catamaran Transfixation Fusion System®, Catamaran Transfixation Fusion Device®, SImmetry® are registered trademarks of Tenon Medical, Inc. MAINSAILTM, and SImmetry+™ are also trademarks of Tenon Medical, Inc.
Safe Harbor
This press release contains "forward-looking statements," which are statements related to events, results, activities, or developments that Tenon expects, believes, or anticipates will or may occur in the future. Forward-looking often contains words such as "intends," "estimates," "anticipates," "hopes," "projects," "plans," "expects," "seek," "believes," "see," "should," "will," "would," "target," "aims," and similar expressions and the negative versions thereof. Such statements are based on Tenon's experience and perception of current conditions, trends, expected future developments and other factors it believes are appropriate under the circumstances, and speak only as of the date made. Forward-looking statements are inherently uncertain, and actual results may differ materially from assumptions, estimates or expectations reflected or contained in the forward-looking statements as a result of various factors. For details on the uncertainties that may cause our actual results to be materially different than those expressed in our forward-looking statements, please review our Annual Report on 10-K and other reports on file with the Securities and Exchange Commission at www.sec.gov, particularly the information contained in the section entitled "Risk Factors". We undertake no obligation to publicly update or revise any forward-looking statements to reflect new information or future events or otherwise unless required by law.
IR Contact:
Shannon Devine
203-741-8811
MZ North America
tenon@mzgroup.us
SOURCE: Tenon Medical, Inc.
View the original press release on ACCESS Newswire
FAQ
How much did Tenon Medical (TNON) raise in the November 11, 2025 PIPE financing?
How many shares and warrants did Tenon (TNON) agree to issue in the PIPE?
What are the PIPE warrant terms for Tenon Medical (TNON)?
What will Tenon Medical (TNON) use the PIPE proceeds for?
Are the PIPE shares and warrants subject to resale registration for Tenon (TNON)?
