- Tempest Therapeutics entered definitive agreements in a private placement to sell 925,927 common shares (or pre-funded warrants) at a combined purchase price of USD 2.16 per share.
- The transaction also includes Series A warrants and short-term Series B warrants for up to 925,927 shares each, with an exercise price of USD 2.16 per share.
- Gross proceeds are expected to be about USD 2 million, with potential additional gross proceeds of about USD 4 million if the warrants are fully exercised for cash.
- The securities were offered in an unregistered private placement under Section 4(a)(2) of the Securities Act and/or Regulation D.
- H.C. Wainwright is acting as exclusive placement agent, and the company said it plans to use net proceeds for working capital and general corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tempest Therapeutics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603230800PRIMZONEFULLFEED9676412) on March 23, 2026, and is solely responsible for the information contained therein.