{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-017517","form_type":"8-K","ticker":"TERN","cik":"0001831363","company_name":"Terns Pharmaceuticals, Inc.","filed_at":"2022-08-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:57.315901+00:00","generated_at":"2026-06-23T23:34:05.105152+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Terns raises $65M in oversubscribed equity offering; funds TERN-701, TERN-601, NASH trials","bullets":["Offering: 12.25M shares at $2.42/share; pre-funded warrants to buy 14.63M shares at $2.4199/warrant.","Gross proceeds ~$65M; net proceeds ~$60.7M after underwriting discounts and expenses.","Oversubscribed; led by new investors Fairmount and Venrock; Cowen lead manager, UBS bookrunner.","Net proceeds to advance TERN-701 (CML), TERN-601 (obesity) into Phase 2, and complete Phase 2a DUET NASH trial.","Offering closed August 16, 2022; priced above Nasdaq minimum price; existing investors participated."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-017517","json":"https://secwatch.observer/filing/0000950170-22-017517.json","markdown":"https://secwatch.observer/filing/0000950170-22-017517.md","text":"https://secwatch.observer/filing/0000950170-22-017517.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1831363/000095017022017517/0000950170-22-017517-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1831363/000095017022017517/tern-20220811.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T23:34:05.105152+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}