Tenon Medical Inc (TNON) Stock Split History

Tenon Medical Inc has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on November 02, 2023 with the ratio of 1-for-10, meaning that for 10 shares of TNON owned pre-split, shareholders then owned 1 share. The most recent stock split took place on September 06, 2024 on a 1-for-8 basis.

These actions have increased TNON stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Tenon Medical Inc's total market capitalization.

For more detailed information of Tenon Medical Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Tenon Medical Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when TNON stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Tenon Medical Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.