The latest announcement is out from Personalis (PSNL).
Personalis, Inc. has struck a deal with Tempus AI, Inc., selling 3.5 million shares of its common stock at $5.07 each, adding up to over $17.7 million in gross proceeds. Additionally, Tempus exercised warrants for another 9.2 million shares, bringing in an extra $18.4 million. The agreement also amends their existing Commercialization Agreement, extending the notice period for termination and adapting terms in case of control changes, underscoring the strengthening partnership between the two companies. This significant financial move aims to bolster Personalis’ position in the market, with all transactions being exempt from registration under the Securities Act of 1933.
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