TEM is trading at $47.21 (-4.57%) after the company announced a significant financing event before the market open.
- Tempus announced the pricing of $400.0 million in 0.00% Convertible Senior Notes due 2032 in a private placement. The size of the offering was increased from the previously announced $350.0 million. [14]
- Convertible debt offerings can put downward pressure on a stock due to the potential for future share dilution if the notes are converted into stock by their holders.
- The initial conversion price is set at approximately $69.26 per share, which represents a 40% premium to the stock's last reported sale price on May 7, 2026. [14]