secwatch.observer — SEC 8-K summary
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Issuer:     Tempest Therapeutics, Inc. (TPST)
CIK:        0001544227
Form:       8-K
Filed at:   2025-11-26T23:59:59+00:00
Accession:  0001193125-25-298604
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tempest raises $4.25M upfront in registered direct offering; warrants add up to $4.1M
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- 1,172,414 shares (or equivalents) sold at $3.625/share in registered direct offering for ~$4.25M gross.
- Concurrent private placement of short-term warrants to buy 1,172,414 shares at $3.50, exercisable for 18 months.
- Warrants could yield additional ~$4.1M proceeds if fully exercised on a cash basis, but no guarantee.
- Net proceeds used for working capital and general corporate purposes; H.C. Wainwright placement agent with 6% fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1544227/000119312525298604/0001193125-25-298604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1544227/000119312525298604/d37881d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-298604

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer