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Tempest Q2 net loss $5.2M; TPST-4003 collaboration with Senlang, first dosing Q4 2026
Q2 net loss $5.2M ($0.34/share) vs $7.9M ($2.07) year ago; cash $0.8M at June 30.
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Tempest partners with Senlang to develop TPST-4003 in vivo CAR-T; IIT in China expected Q4 2026
Collaboration with Hebei Senlang Biotechnology for TPST-4003, a CD7-targeted in vivo CAR-T candidate.
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Tempest Therapeutics CFO resigns, appoints new CFO and two independent directors
CFO Nicholas Maestas resigns effective June 5, 2026; Justin Trojanowski named VP Finance, Principal Financial Officer and Corporate Secretary.
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Tempest Therapeutics enters warrant exercise inducement for ~$2M; issues new warrants to purchase 2.34M shares at $1.73
Holder exercises 1,172,414 existing warrants at reduced $1.73/share for ~$2M cash gross proceeds.
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Tempest Therapeutics warned by Nasdaq for low equity and board independence; two directors resign
Stockholders' equity of $822k vs Nasdaq's $2.5M minimum; 45 days to submit compliance plan by July 6, 2026.
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Tempest reports 100% CR rate in 15 CAR-T-naïve patients across two Phase 1 trials of TPST-2003
100% complete response rate (CR) among all 15 CAR-T-naïve efficacy evaluable patients treated with TPST-2003 in two Phase 1 trials.
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Tempest FY2025 net loss $26.3M; cash $7.7M; completed CAR-T acquisition
Net loss improved to $26.3M ($6.33/share) vs $41.8M ($19.50/share) in 2024.
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Tempest Therapeutics raises ~$2M in private placement of stock and warrants
Raised ~$2M gross from private placement of 462,964 shares + pre-funded warrants at $2.16 per unit.
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Tempest reports 100% CR rate in REDEEM-1 trial; plans U.S. registrational study in 2026
100% complete response (CR) rate among all six efficacy-evaluable patients in REDEEM-1 trial of TPST-2003 in rrMM.
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Tempest closes CAR T asset acquisition from Erigen; Erigen owns 61.3% post-closing
Acquired ERI-2003, ERI-2206, ERI-3003, ERI-3206 CAR T therapies; issued 8.27M shares to Erigen.
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Tempest raises $4.25M upfront in registered direct offering; warrants add up to $4.1M
1,172,414 shares (or equivalents) sold at $3.625/share in registered direct offering for ~$4.25M gross.
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Tempest Therapeutics to acquire four CAR T assets in all-stock deal; CEO change, warrants issued
Acquires ERI-2003, ERI-2206, ERI-3003, ERI-3206 CAR T therapies for 8,268,495 shares of TPST common stock.
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Tempest reports Q3 net loss $3.5M, cash $7.5M; continues strategic alternatives process
Cash and equivalents $7.5M at Sept 30, 2025, down from $30.3M at Dec 31, 2024.
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Tempest Therapeutics reports Q2 2025 net loss $7.9M; cash $14.3M; pivotal HCC trial cleared in China
Cash and equivalents at June 30, 2025: $14.3M, down from $30.3M at Dec 31, 2024.
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Tempest Therapeutics raises ~$4.6M gross in registered direct offering of stock and prefunded warrants
Issued 405,000 shares at $6.25 each and prefunded warrants for 334,000 shares at $6.249 each.
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Tempest Therapeutics transitions CEO, CMO, and CFO to consultants with equity acceleration
CEO Stephen Brady, CMO Samuel Whiting, CFO Nicholas Maestas transitioned to consulting agreements effective June 5, 2025.
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Tempest Q1 net loss $10.9M; cash $21.5M; exploring strategic alternatives
Cash and equivalents $21.5M at March 31, 2025, down from $30.3M at Dec 31, 2024.
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Tempest Therapeutics regains Nasdaq minimum bid price compliance
Received Nasdaq notice on April 24, 2025 confirming compliance with Listing Rule 5550(a)(2).
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Tempest Therapeutics cuts 21 of 26 full-time staff, initiates strategic review
Workforce reduced by 21 of 26 full-time employees, effective April 30, 2025.
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Tempest explores strategic alternatives for pipeline; repays $3.5M loan with $0.6M exit fee
Repaid $3.5M loan in full to Oxford Finance on April 8, 2025; included $0.6M exit fee; agreement terminated.
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Tempest Therapeutics announces 1-for-13 reverse stock split effective April 8, 2025
Reverse stock split at 1:13 ratio, effective 5:00 p.m. ET on April 8, 2025.
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Tempest Therapeutics reports FY2024 net loss $41.8M, cash $30.3M; amezalpat gets FDA designations
Net loss $41.8M ($1.50/share) vs $29.5M ($1.91/share) in 2023; R&D spend rose to $28.5M.
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Tempest Therapeutics stockholders approve reverse stock split proposal at ratios up to 1-for-15
Stockholders approved reverse stock split proposal at special meeting on December 3, 2024.
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Tempest reports Q3 net loss $10.6M; gets FDA go-ahead for amezalpat Phase 3 in first-line HCC
Net loss of $10.6M ($0.41/sh) in Q3 2024 vs $6.8M ($0.48) in Q3 2023; cash $22.1M, then raised $19.9M net via ATM.
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Tempest inks Roche atezolizumab supply deal for Phase 3 liver cancer trial; extends rights plan
Master clinical supply agreement with Roche for free atezolizumab in planned Phase 3 trial of amezalpat (TPST-1120) in first-line unresectable/metastatic HCC.
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Tempest reports Q2 2024 financials; amezalpat shows 6-month survival benefit in liver cancer study
Amezalpat median OS 21 months vs 15 months control (6-month improvement); HR 0.65 stable from prior 0.59.
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Tempest: amezalpat 6-month OS improvement in HCC (21 vs 15 months); files $205M equity facility
Median OS 21 months for amezalpat arm vs 15 months control, a six-month advantage.
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Tempest reports FY2023 net loss $29.5M; positive Phase 1b/2 HCC data for TPST-1120
Net loss $29.5M ($1.91/sh) vs $35.7M in 2022; cash $39.2M, runway into Q2 2025.
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Tempest Q3 net loss $6.8M; TPST-1120 shows superiority in liver cancer; cash runway into 2025
Net loss $6.8M ($0.48/share) vs $8.9M ($0.66) in Q3 2022; R&D expense fell to $4.2M from $6.0M.
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Tempest TPST-1120 achieves 30% ORR vs 13.3% control in randomized HCC study; adopts poison pill
Confirmed ORR 30% for TPST-1120 arm vs 13.3% control; duration of response not reached.
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Tempest Therapeutics receives Nasdaq bid price deficiency notice, 180 days to comply
Nasdaq notified TPST on Sept 6, 2023 that bid price closed below $1.00 for 30 consecutive days.
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Tempest Q2 2023 net loss $7.6M; TPST-1120 HCC data shows 74% ORR improvement over control
Cash $17.6M at June 30, 2023, down from $31.2M at Dec 31, 2022.