Tenon Medical Announces Closing of Private Placement of Senior Convertible Notes Offering for Gross Proceeds of $ 4.3 Million

NodeGuardian · 2026-03-18T02:30:19+00:00

Tenon Medical, Inc. raised $4.3 million through a private placement of senior convertible promissory notes to fund expansion, development, clinical studies, and working capital. The notes convert to stock at 80% of the VWAP prior to conversion.

NodeGuardian

2026-03-18 02:30:19

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Tenon Medical, Inc. has successfully closed a private placement of senior convertible promissory notes, raising an aggregate gross proceeds of $4.3 million. The funds are earmarked for commercial expansion, product development, clinical studies, working capital, and general corporate purposes. The notes are convertible into shares of the Company’s common stock at a conversion price equal to 80% of the VWAP for the three trading days immediately prior to the conversion date.

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