Tenon Medical, Inc. announced a private placement of non-convertible secured notes for proceeds of $1.25 million on November 21, 2023. The transaction included participation from individual investor Steve Hochberg. The note is issued at an interest rate of 10% per annum.

The note has a maturity date of November 21, 2024. The company issued 45,000 common shares purchase warrant at an exercise price of $1.94 and have a five-year term, which is subject to adjustment. The transaction included participation from two investors.