Tenon Medical Faces Delisting Concerns
Ticker: TNONW · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1560293
| Field | Detail |
|---|---|
| Company | Tenon Medical, Inc. (TNONW) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $2,500,000, $832,000, $550,000, $3,950,000 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, regulatory-filing
TL;DR
Tenon Medical might get delisted, stock could be in trouble.
AI Summary
Tenon Medical, Inc. filed an 8-K on October 3, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company is based in Los Gatos, California, and its principal executive offices are located at 104 Cooper Court.
Why It Matters
This filing indicates potential issues with Tenon Medical's continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards is a significant negative event that can lead to severe consequences for a company's stock.
Key Players & Entities
- Tenon Medical, Inc. (company) — Registrant
- October 3, 2024 (date) — Date of earliest event reported
- 104 Cooper Court, Los Gatos, CA 95032 (address) — Principal executive offices
- 001-41364 (company_id) — Commission File Number
FAQ
What is the specific reason for Tenon Medical's potential delisting?
The filing states it is a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing,' but does not detail the specific rule violated.
When was this notice filed with the SEC?
The filing was made on October 4, 2024, reporting an event as of October 3, 2024.
What is Tenon Medical's primary business?
Tenon Medical, Inc. is in the 'Surgical & Medical Instruments & Apparatus' industry, SIC code 3841.
Where are Tenon Medical's principal executive offices located?
The principal executive offices are located at 104 Cooper Court, Los Gatos, CA 95032.
What is the company's Commission File Number?
The Commission File Number for Tenon Medical, Inc. is 001-41364.
Filing Stats: 682 words · 3 min read · ~2 pages · Grade level 13.1 · Accepted 2024-10-03 17:59:02
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share TNON The Nasdaq Stock Mar
- $2,500,000 — mum stockholders' equity requirement of $2,500,000 for continued listing on The Nasdaq Cap
- $832,000 — ompany reported stockholders' equity of $832,000, which was below the Minimum Equity Req
- $550,000 — er 6, 2024, we received net proceeds of $550,000 from the private offering of our Series
- $3,950,000 — received net proceeds of approximately $3,950,000 from the public offering of our common
- $4,322,000 — he "Public Offering") and approximately $4,322,000 net proceeds from the exercise of the w
- $812,070.69 — t"). On September 18, 2024, we received $812,070.69 in net proceeds from exercises of warra
- $9,634,000 — as a result of receiving approximately $9,634,000 in aggregate in net proceeds from the E
Filing Documents
- ea0216677-8k_tenon.htm (8-K) — 26KB
- 0001213900-24-085131.txt ( ) — 195KB
- tnon-20240916.xsd (EX-101.SCH) — 3KB
- tnon-20240916_lab.xml (EX-101.LAB) — 33KB
- tnon-20240916_pre.xml (EX-101.PRE) — 22KB
- ea0216677-8k_tenon_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 3, 2024 TENON MEDICAL, INC. By: /s/ Steven M. Foster Name: Steven M. Foster Title: Chief Executive Officer and President 2