---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-309073"
form_type: "8-K"
ticker: "TEM"
cik: "0001717115"
company_name: "Tempus AI, Inc."
filed_at: "2026-07-20T21:15:12+00:00"
generated_at: "2026-07-20T21:16:13.157907+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tempus AI to acquire Personalis for $16.25/share; stock/cash mix; exchange ratio tied to TEM price

## Summary
- Per share consideration: $16.25 cash or stock based on exchange ratio; Tempus may elect cash for up to 50% of shares.
- Exchange ratio fixed at 0.3356 if TEM stock price ≤ $48.42; otherwise $16.25 / TEM 15-day VWAP.
- Termination fee ~$76.8M payable by Personalis in certain circumstances; reverse termination fee same amount payable by Tempus.
- Conditions: Personalis stockholder approval, HSR clearance, Nasdaq listing, tax opinion, no material adverse effect.
- Personalis in-the-money options and RSUs converted to Tempus stock; out-of-the-money options cancelled.

## SEC filing metadata
- accession: 0001193125-26-309073
- form_type: 8-K
- ticker: TEM
- cik: 0001717115
- company_name: Tempus AI, Inc.
- filed_at: 2026-07-20T21:15:12+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717115/000119312526309073/0001193125-26-309073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717115/000119312526309073/d128960d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-309073
- JSON: https://secwatch.observer/filing/0001193125-26-309073.json
- Plain text: https://secwatch.observer/filing/0001193125-26-309073.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.