© Reuters. Tenon Medical (TNON) IPO Opens 341% Higher
Today’s IPO for Tenon Medical (TNON) opened at $22.05 after pricing 3,200,000 shares of its common stock at a price of $5.00 per share which reflects a 2 for 1 reverse stock split that was effective on April 6, 2022.
The Benchmark Company, LLC and Valuable Capital Limited acted as underwriters for the offering.
Tenon Medical, Inc., a medical device company formed in 2012, has developed a proprietary, FDA cleared surgical implant system, which is designed to optimize SI-Joint fixation / fusion surgery and corresponding outcomes. Tenon is preparing a national launch of this system to address the greatly underserved market opportunity that exists in this space.
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