secwatch.observer — SEC 8-K summary
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Issuer:     Personalis, Inc. (PSNL)
CIK:        0001527753
Form:       8-K
Filed at:   2026-07-20T21:26:43+00:00
Accession:  0001193125-26-309101
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Personalis to be acquired by Tempus AI; $16.25 per share cash or stock election
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- Each Personalis share converts to $16.25 cash (if Tempus elects cash for up to 50% of shares) or Tempus shares based on exchange ratio (floor 0.3356, or $16.25/Tempus VWAP if above $48.42).
- Merck, holding ~13% of Personalis, enters voting agreement to support the merger.
- Termination fee of ~$76.8 million payable by either party under specified conditions.
- Closing conditions include stockholder approval, HSR clearance, and tax opinion.
- Transaction expected to close by April 20, 2027, with possible extensions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527753/000119312526309101/0001193125-26-309101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527753/000119312526309101/d64399d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-309101

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