SenesTech appoints Lynn Y. Graham as independent director to board

SenesTech, Inc. (NASDAQ:SNES), a small-cap company with a market value of $10.3 million, announced that its board of directors increased its size to seven members and appointed Lynn Y. Graham as an independent director. According to InvestingPro data, the company maintains a strong liquidity position with more cash than debt on its balance sheet. The appointment was authorized on Saturday by the board, according to a statement based on a Securities and Exchange Commission filing.

Ms. Graham will serve as a Class III director and is expected to hold the position until the company’s 2028 annual meeting of stockholders or until an earlier departure, resignation, removal, or the election and qualification of a successor. She was also named as a member of the board’s Commercialization Committee.

The company stated there are no arrangements or understandings between Ms. Graham and any other person regarding her selection as director. In addition, Ms. Graham is not involved in any transaction with SenesTech that would require disclosure under Item 404(a) of Regulation S-K.

SenesTech’s common stock is listed on the Nasdaq Stock Market under the symbol SNES. The information in this article is based on a press release statement and the company’s SEC filing.

In other recent news, SenesTech reported a 17% increase in revenue for the first quarter of 2025, reaching $485,000. This growth was largely driven by the company’s EVOLVE product line, which saw a 40% surge in sales and now constitutes 79% of the company’s total sales. Gross margins also improved significantly to 64.5%, up from 32.5% the previous year. Additionally, SenesTech announced it raised approximately $4.4 million from a warrant exercise transaction, with H.C. Wainwright acting as the exclusive placement agent. The company plans to use the proceeds for working capital and general corporate purposes. Furthermore, SenesTech filed a prospectus supplement to register an additional $711,227 worth of its common stock for sale under its existing at-the-market offering program. This expansion allows the company to raise more capital through open market transactions. SenesTech continues to focus on expanding its presence in municipal markets and internationally, with recent deployments in major U.S. cities and approvals in several countries.

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