IPO - Tenon Medical, Inc.

Form Type: S-1

Filing Date: 2025-04-04

Corporate Action: Ipo

Type: New

Accession Number: 000121390025029005

Filing Summary: On April 4, 2025, Tenon Medical, Inc. filed a Registration Statement on Form S-1 with the SEC for the resale of 5,673,550 shares of its common stock. The offered shares include 2,445,700 shares from Series C-1 warrants, 1,222,850 shares from Series C-2 warrants, 733,500 shares from Series D warrants, and 1,271,500 shares from Series E warrants. Tenon Medical has developed The Catamaran™ SI Joint Fusion System, which offers a novel treatment for sacroiliac joint disorders, targeting chronic lower back pain affecting millions of Americans. The company aims to capitalize on the estimated low penetration of surgical solutions in this domain, which has faced barriers due to complex procedures and existing implant designs. This filing indicates Tenon Medical's commitment to fulfill contractual obligations while providing the Selling Stockholder the opportunity to resell shares. It specifies that no proceeds will be received from the Selling Stockholder's sales, but Tenon will profit from any warrant exercises. The prospectus highlights the use of proceeds, market opportunities, and various risk factors associated with investing in the company’s securities. Tenon Medical is classified as an emerging growth company, allowing them certain reporting advantages under the JOBS Act. The registration statement will enable the Selling Stockholder to sell shares at market prices or through negotiated transactions, expanding the company’s market presence and liquidity.

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Form Type: 424B5

Filing Date: 2025-03-27

Corporate Action: Ipo

Type: New

Accession Number: 000101376225003003

Filing Summary: On March 25, 2025, Tenon Medical, Inc. announced an offering of 615,000 shares of its common stock at a public offering price of $2.00 per share, along with Pre-Funded Warrants to purchase 656,500 shares of common stock. The offering is aimed at an institutional investor, coupling each share of common stock with a March Common Warrant allowing purchase of additional shares. The Pre-Funded Warrants are priced at $1.9999 per warrant and are immediately exercisable. This offering is positioned in conjunction with a concurrent private placement that offers up to 1,271,500 March Common Warrants at $2.00 each. The last reported sale price of the stock on March 25, 2025 was $3.75, with a public float valued at approximately $20.86 million. Tenon intends to use the net proceeds primarily for working capital and corporate purposes, estimating net proceeds at approximately $2.29 million after fees. The completion of the offering is anticipated by March 27, 2025.

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