Tenon Medical (TNON), which today’s IPO opened at $22.05, after it priced 3,200,000 shares of common stock at a $5.00 per share price. The reverse stock split was in effect on April 6, 2022.

Underwriters of the offering were The Benchmark Company, LLC, and Valuable Capital Limited.

Tenon Medical, Inc., an American medical device company, developed and FDA-cleared a surgical implant system that optimizes SI-Joint fixation/fusion surgery. Tenon will launch the system nationally to take advantage of this market opportunity.