Tenon Medical Inc ( TNON ) shares are trading lower by 32.0% to $2.55 during Wednesday’s session after the company announced pricing of $2.5 million registered direct offering at $2.00.

What To Know: Tenon Medical ( TNON ) has entered a securities purchase agreement with a healthcare-focused institutional investor, raising approximately $2.5 million. The deal includes a registered direct offering of 1,271,500 shares of common stock at $2.00 per share.

Additionally, in a concurrent private placement, Tenon will issue warrants for an equal number of shares at the same price, exercisable immediately and expiring in five years. The offering is expected to close by March 27, pending customary conditions.

A.G.P./Alliance Global Partners is the sole placement agent. Tenon says the company plans to use the proceeds for working capital and general corporate purposes.

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How To Buy TNON Stock

By now you're likely curious about how to participate in the market for Tenon Medical ( TNON ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, TNON has a 52-week high of $15.79 and a 52-week low of $1.09.