TNON shares closed at or above $1 for 10 straight sessions, resolving a prior compliance issue with the exchange.
Tenon Medical (TNON) announced it has regained compliance with Nasdaq’s $1 minimum bid-price requirement. The company’s shares traded at $1 or higher for 10 consecutive business days following a 1-for-35 reverse stock split effective August 10.
Nasdaq confirmed the compliance issue is resolved, closing the matter. The reverse split adjusted TNON’s share price to meet the exchange’s listing standards after a period of non-compliance.
No immediate market reaction was disclosed in the announcement.