Tenon Medical, Inc. (TNONW) Warrant
Each TNONW warrant gives the holder the right to buy 1/2,800 share of Tenon Medical, Inc. at $880.88 per share, until June 16, 2028. The stock last closed at $3.70, below the strike, so the warrant is out of the money. Tenon Medical, Inc. has a market value of about $2.47M. There are 1.66M listed warrants; exercising all of them would add 0.1% to the 667.05K shares outstanding.
TNON vs strike, last 12 months
No share-price history for TNON yet.
Key terms
- Strike per share
- $880.88
- Shares per warrant
- 1/2,800
- Cash to exercise one warrant
- $0.3146
- Expiry
- 2028-06-16
- Redemption trigger
- none stated
- Cashless exercise
- allowed
- Break-even stock price
- $901.32
From the issuer's S-1/A (2026-06-26).
Company and stock
- Company
- Tenon Medical, Inc.
- Underlying stock
- TNON
- Share price
- $3.70
- Market cap
- $2.47M
- Shares outstanding
- 667.05K
- Value of all listed warrants
- $12.12K (0.5% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-08-13). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0073
- Price / model
Get Pro to see whether TNONW is cheap or rich against our model.
Dilution
- Shares outstanding
- 667.05K
- Listed warrants
- 1.66M
- Dilution if all exercised
- 0.1%
Warrant count from filing notes, read by hand (medium): Registered Offering Warrants (June 2023 registered offering), $880.88/share post-splits (1/280 share per warrant).
Filings and events
- Reverse split 1:35
- Terms source: S-1/A
- Reverse split 1:8
Questions about TNONW
When does the TNONW warrant expire?
TNONW expires on June 16, 2028.
What is the strike price of TNONW?
$880.88 per share; each warrant converts into 1/2,800 share, so exercising one warrant costs $0.3146.
Can Tenon Medical, Inc. redeem the TNONW warrants early?
The source filing we read lists no stock-price redemption trigger.
How many TNONW warrants are outstanding?
1.66M listed warrants, equal to 0.1% dilution if all are exercised.