Tenon Medical faces fresh Nasdaq issue ahead of Tuesday
Tenon Medical is back in the spotlight over a Nasdaq compliance issue. The medical-device maker said it fell below the exchange’s minimum stockholders’ equity rule, putting shares under a new cloud as markets enter a holiday-shortened week. Stockholders’ equity measures what’s left for shareholders when liabilities are taken from assets. Tenon has until July 6 to file a plan to get back in compliance, according to the notice. But shares are already under $1 and facing a separate Nasdaq bid-price deadline. TNON ended Friday at $0.7175, up 0.38% on 72,693 shares traded. The Nasdaq Composite was up 0.19% at 26,343.97.