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Tenon Medical said an existing holder exercised Series A warrants at $5.02 per share, generating about $2.87 million in gross proceeds, and the company will issue 858,269 unregistered Series B warrants at the same $5.02 exercise price.
Tenon Medical closed a warrant inducement after an investor exercised 572,179 existing warrants, raising about $2.87M. The company also issued new unregistered warrants for up to 858,269 shares at a $5.02 exercise price, expiring in five years.