Spruce Point Capital Issues Report On Tempus AI, Alleging History Of Management's Involvement In Controversial Tech Firms, Questioning AI Capabilities, Revenue Quality, And Accounting Practices, Warning Of 50%

Spruce Point Capital Issues Report On Tempus AI, Alleging History Of Management's Involvement In Controversial Tech Firms, Questioning AI Capabilities, Revenue Quality, And Accounting Practices, Warning Of 50%–60% Downside Risk To Shares

-4.40%

Tempus AI

TEM

70.61

-4.40%

NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management

Warns That Tempus Management and Board Members Have a History Together of Promoting Disruptive Technology Companies Which Have Frequently Resulted in Financial Restatements and Shareholder Losses

Expresses Concerns About Tempus' Artificial Intelligence Capabilities Given Minimal Revenues and Product Demonstrations, Which Appear to Show Irreconcilable Inputs

Questions the Quality of Revenues and Adjusted EBITDA Based on Related Party Dealings, Investments That Become Revenue Generating Customers, and Accounting Choices Related to Debt That Flatter Operating Income

Believes That Recent Acquisitions and Changes to Customer Agreements May Be Indications That the Core Business Is Under Pressure

Believes That Tempus Trades at an Irrational Premium to Peers and Sees 50% – 60% Potential Downside Risk

Spruce Point Capital Management, LLC ("Spruce Point" or "we" or "us"), a New York-based investment management firm that focuses on forensic research and short-selling, today issued a detailed report entitled, "The Tempest Surrounding Tempus AI", that outlines why we believe and estimate that shares of Tempus AI, Inc. (NASDAQ:TEM) ("Tempus" or the "Company") face up to 50% – 60% potential downside risk, or $26.35 – $32.95 per share. Download and view the report and its Full Legal Disclaimer by visiting www.SprucePointCap.com for additional information and exclusive updates.

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