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Tempus Announces Pricing of Upsized Offering of $650 Million of Convertible Senior Notes

1. Tempus priced $650 million of 0.75% Convertible Senior Notes due 2030. 2. The Notes were offered to qualified institutional buyers under Rule 144A.

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FAQ

Why Bullish?

This debt issuance could signal confidence in Tempus' financial strategy, akin to favorable funding rounds in the biotech sector historically leading to stock price increases.

How important is it?

The large capital raise suggests a solid growth strategy, likely leading to market optimism.

Why Long Term?

The funding will support long-term strategic initiatives, like technology advancements in precision medicine that could drive future revenue growth.

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CHICAGO--(BUSINESS WIRE)--Tempus AI, Inc. (“Tempus”) (NASDAQ: TEM), a technology company leading the adoption of AI to advance precision medicine and patient care, today announced the pricing of $650 million aggregate principal amount of 0.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggr.

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