Tenon Medical faces fresh Nasdaq issue ahead of Tuesday
Tenon Medical said it no longer meets Nasdaq’s $2.5 million minimum stockholders’ equity rule, triggering a July 6 deadline to submit a compliance plan. TNON closed Friday at $0.7175, up 0.38%, with the next trading session set for Tuesday after the Memorial Day market holiday. Tenon reported $1.895 million in stockholders’ equity as of March 31 and remains under a separate Nasdaq bid-price warning.