This Micro Cap Closed Up Almost +300% Following Key Announcement

This Micro Cap Closed Up Almost +300% Following Key Announcement

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, March 25, 2025

A California-based healthcare company turned heads on Tuesday after the company announced it has entered into a securities purchase agreement with a single healthcare focused institutional investor for the issuance and sale of 733.500 shares of its common stock in a registered direct offering priced at-the-market under Nasdaq rules at a purchase price of $2.00.

Traders were extremely excited about the news, buying up shares of Tenon Medical Inc. (Nasdaq:TNON) throughout the session. Shares of this micro cap went on to finish the session up at $3.75/share (+283.40%).

Tenon Medical Inc is a a medical device company. It manufacturers instruments and implants for sacroiliac joint fusion surgery.

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