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Tenon Medical (TNON) closed a warrant inducement transaction on September 14, 2026 with an institutional investor, generating gross cash proceeds of approximately $2.87 million.The investor exercised outstanding warrants to purchase an aggregate of 572,179 common shares. In return, the investor received new unregistered warrants to buy up to 858,269 additional shares, equal to 150% of the shares issued upon the exercise of the existing warrants, with an exercise price of $5.02 per share. The New Warrants are immediately exercisable and expire five years from issuance. Gross proceeds of $2,872,338.58 exclude any future proceeds from New Warrant exercises and are stated before advisor fees and other expenses. WallachBeth Capital acted as financial advisor. The company plans to file a resale registration statement for the New Warrant shares.

Tenon Medical (TNON) entered warrant exercise agreements raising about $2.87 million in gross proceeds on September 11, 2026.An institutional investor agreed to immediately exercise outstanding warrants for 572,179 common shares, providing gross cash proceeds of $2,872,338.58. In return, the investor will receive in a private placement new unregistered warrants to purchase up to 858,269 common shares, equal to 150% of the shares issued upon exercise of the existing warrants, with an exercise price of $5.02 per share. The New Warrants are exercisable immediately and expire five years from issuance. Closing is expected on or about September 14, 2026, subject to customary conditions, with WallachBeth Capital acting as financial advisor. Tenon plans to file a resale registration statement for the shares underlying the New Warrants.

Tenon Medical (TNON) entered into warrant exercise agreements with an institutional investor to immediately exercise outstanding warrants for 572,179 common shares, generating expected gross cash proceeds of approximately $2,872,338.58.In return, the investor will receive in a private placement new unregistered warrants to purchase up to 858,269 common shares, equal to 150% of the shares issued on exercise of the existing warrants, at an exercise price of $5.02 per share. The new warrants are immediately exercisable and will expire five years from issuance. Closing is expected on or about September 14, 2026, subject to customary conditions. Tenon expects gross proceeds of $2,872,338.58 before advisor fees and expenses, excluding any additional proceeds from future exercises of the new warrants.