SiVantage Inc. Acquires Significant Stake in Tenon Medical, Inc.

SiVantage Inc. has filed a Schedule 13D with the SEC, disclosing its acquisition of a significant stake in Tenon Medical, Inc. The filing reveals that SiVantage Inc. now beneficially owns approximately 12.5% of Tenon Medical's common stock, totaling 986,528 shares. This acquisition is part of a broader transaction involving the purchase of assets related to sacropelvic fixation and fusion procedures. The transaction includes a cash payment, stock issuance, and royalty agreements. Additionally, SiVantage Inc. has the potential to earn additional shares based on future revenue milestones. The filing also notes the appointment of key executives from SiVantage Inc. to leadership positions within Tenon Medical, Inc.