04:04 AM EDT, 03/26/2025 (MT Newswires) -- Tenon Medical ( TNON ) said it has agreed to issue and sell about 1.3 million shares to a healthcare-focused institutional investor at a price of $2.00 per share.

Concurrently, the medical devices company has agreed to issue warrants to the same investor to purchase up to about 1.3 million shares at an exercise price of $2.00 per share.

The offering, expected to take place around Thursday, is expected to raise about $2.5 million, which the company said it intends to use for general corporate purposes.