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A 1-for-35 ratio is the governing math behind Tenon Medical's stock consolidation: 35 issued and outstanding common shares converted into one, effective 12:01 a.m.
Eastern on August 10, 2026, the moment before Nasdaq Capital Market trading opened. (NASDAQ: TNON) disclosed the action through an 8-K filing, with stockholder approval secured at the annual meeting held July 23, 2026.
The company's primary stated goal is to bring the per-share price above the $1.00 minimum average closing price Nasdaq requires for continued listing on the Nasdaq Capital Market.
Split mechanics and CUSIP change Tenon's common stock opened August 10 on a split-adjusted basis under the unchanged ticker TNON. The CUSIP number changed to 88066N402. No fractional shares were issued.
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