secwatch.observer — SEC 8-K summary
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Issuer:     Tempus AI, Inc. (TEM)
CIK:        0001717115
Form:       8-K
Filed at:   2026-07-20T21:15:12+00:00
Accession:  0001193125-26-309073
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717115/000119312526309073/0001193125-26-309073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717115/000119312526309073/d128960d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-309073

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