Tenon Medical shares are trading lowering after it priced its public offering of $5.6M at $0.56 per unit
Portfolio Pulse from Benzinga Newsdesk
Tenon Medical has priced its public offering at $0.56 per unit, raising $5.6 million. This has led to a decline in the company's share price.
June 14, 2023 | 12:14 pm
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Tenon Medical's share price is trading lower after pricing its public offering at $0.56 per unit, raising $5.6 million.
The lower share price is a direct result of the public offering being priced at $0.56 per unit. This dilutes the value of existing shares, causing the stock price to decline in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100