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Tenon Medical raised $4.3 million in a private deal to fund growth and development, with notes due in 2026.
Tenon Medical, Inc. closed a private placement raising $4.3 million in gross proceeds from senior convertible promissory notes with a 20% original issue discount, maturing September 11, 2026.
The notes are convertible into common stock six months after issuance at 80% of the prior three-day volume-weighted average price.
Proceeds will fund commercial expansion, product development, clinical studies, and general corporate needs.
The company, which develops medical devices for sacro-pelvic disorders including the Catamaran SI Joint Fusion System, noted forward-looking statements are subject to risks.
The notes and underlying shares are unregistered and may not be sold without exemption.
Tenon Medical recaudó $4.3 millones en un acuerdo privado para financiar crecimiento y desarrollo, con notas vencidas en 2026.