🔴 Tenon Medical is trading 6.4% down today after warrant deal increased potential dilution

Tenon Medical is trading 6.41% down now at $5.55 after announcing a $2.87 million warrant exercise deal that increases potential dilution.

• The deal involves 572,179 shares and new warrants for 858,269 shares, equal to 150% of the exercised amount.
• The immediately exercisable warrants are priced at $5.02, with financing closing on September 14, 2026.
• The decline follows sharp volatility, including gains on September 10 and September 11.