Item 8.01 Other Events On July 20, 2026, we issued a press release (the “PR”) stating that on July 17, 2026, we received a notice from Nasdaq that based on the July 10 8-K (as defined below), we had regained compliance with the Stockholders’ Equity Rule (as defined below).…
The Company was incorporated in the State of Delaware on June 19, 2012 and was headquartered in San Ramon, California until June 2021 when it relocated to Los Gatos, California. The Company is a medical device company dedicated to transforming care for patients with certain sacro-pelvic disorders. The Company currently offers two systems to treat a diseased sacroiliac joint (the “SI Joint”). The Company has developed The Catamaran™ SI Joint Fusion System (“The Catamaran System”) that offers a novel, less invasive approach to the SI Joint using a single, robust, titanium implant for treatment of the most common types of SI-Joint disorders that cause lower back pain. The Company received U.S. Food and Drug Administration (“FDA”) clearance in 2018 for The Catamaran System and is currently focused on the US market. The Company’s products are subject to ongoing FDA regulatory requirements, including requirements related to manufacturing, labeling, marketing, adverse event reporting and recordkeeping. Since the national launch of The Catamaran System in October 2022, the Company has been focused on three commercial opportunities: 1) primary SI Joint procedures, 2) revision procedures of failed SI Joint implants and 3) SI-Joint fusion adjunct to a spine fusion construct.
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 8.01Item 8.01 - Other Events
Item
8.01 Other Events
On July 20, 2026, we issued a press release
(the “PR”) stating that on July 17, 2026, we received a notice from Nasdaq that based on the July 10 8-K (as defined
below), we had regained compliance with the Stockholders’ Equity Rule (as defined below). However, if we fail to evidence
compliance upon filing our Quarterly Report on Form 10-Q for the period ending September 30, 2026, we may be subject to delisting
and any such delisting would be subject to appeal.
On July 10, 2026, we filed a Current Report on Form 8-K (the “July 10 8-K”) that disclosed our belief that we satisfied Nasdaq
Listing Rule 5550(b)(1) (the “Stockholders’ Equity Rule”) as of such filing date due to the completion of our $4.2 million
public offering of common stock and warrants on July 1, 2026.
A copy of the PR is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference into this Item 8.01. The
disclosure under Item 8.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information
provided herein shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except
as expressly set forth by specific reference in such filing.
Cautionary
Statement Regarding Forward-Looking Statements
This
Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not
limited to, statements regarding the ability of Tenon Medical, Inc. (the “Company”) to regain compliance with
Nasdaq’s minimum stockholders’ equity requirement, the Company’s plans to consider available options to regain
compliance, and the Company’s eligibility for an additional compliance period. Forward-looking statements are based on current
expectations and assumptions, are subject to risks and uncertainties, and are not guarantees of future performance. Actual results
may differ materially from those anticipated in the forward-looking statements due to various factors, including but not limited to:
general economic and market conditions; changes in the Company’s business strategy; and other risks and uncertainties
described in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on
Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by
law.
Filed exhibits (1)
EX-99.1 (by filename) ea029843101ex99-1.htm
EX-99.1
2
ea029843101ex99-1.htm
PRESS RELEASE OF TENON MEDICAL, INC., DATED JULY 20, 2026
Exhibit 99.1
Tenon Medical, Inc. Announces Regained Compliance
with Nasdaq Stockholders’ Equity Requirement
LOS GATOS, CA / ACCESS Newswire / July 20, 2026
/ Tenon Medical, Inc. (NASDAQ:TNON) (“Tenon” or the “Company”), a medical device company dedicated to transforming
care for patients with certain sacro-pelvic disorders, today announced that it has received notice from Nasdaq that the Company regained
compliance with the continued listing requirement relating to maintaining a minimum of $2.5 million in stockholders’ equity.
On July 17, 2026, the Company received a notice
from Nasdaq that, based on the July 10 8-K (as defined below), the Company had regained compliance with the Stockholders’ Equity
Rule (as defined below). However, if the Company fails to evidence compliance upon filing its Quarterly Report on Form 10-Q for the period
ending September 30, 2026, the Company may be subject to delisting, and any such delisting would be subject to appeal.
On July 10, 2026, the Company filed a Current
Report on Form 8-K (the “July 10 8-K”) that disclosed its belief that it satisfied Nasda…