BUZZ-Tempus AI slips on $350 mln convertible debt deal plans

Tempus Al

Tempus Al

TEM

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** Shares of AI-enabled precision medicine firm Tempus AI TEM.O down 1.5% in premarket trading to $52.70 after planned capital raise news

** Chicago, Illinois-based TEM announces private offering of $350 mln 6-yr convertible bonds

** It expects to use net proceeds to fully repay $307.7 mln of outstanding loans under credit facilities, plus accrued and unpaid interest and fees

** Also intends to use proceeds to pay for capped call transactions to reduce potential dilution, and for general purposes including potential acquisitions or strategic investments, among other purposes

** Co has $9.6 bln market cap

** Through Weds close, TEM shares down 9% YTD and off 49% from record intraday high of $104.32 achieved on Oct 9, 2025

** Of 19 analysts, 11 rate the stock "strong buy" or "buy", 6 rate "hold" and 2 recommend "sell" or "strong sell"; median PT $75, per LSEG data


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