Tempest Therapeutics Closes $4.25 Million Registered Direct Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2025
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Source: Newsfilter
- Successful Financing: Tempest Therapeutics has completed a registered direct offering of 1,172,414 shares at $3.625 per share, raising approximately $4.25 million, which provides essential liquidity to support its clinical development efforts.
- Short-Term Warrants Issued: The company concurrently issued short-term unregistered warrants allowing the purchase of the same number of shares at an exercise price of $3.50, potentially generating an additional $4.1 million if fully exercised, enhancing future financial flexibility.
- Market Compliance: This financing adheres to Nasdaq regulations, ensuring the company's compliance in capital markets, which boosts investor confidence and lays the groundwork for future fundraising efforts.
- Clear Use of Proceeds: The company intends to use the net proceeds primarily for working capital and general corporate purposes, demonstrating its commitment to ongoing operations and R&D investments aimed at advancing its cancer therapeutics to market.
Analyst Views on TPST
About TPST
Tempest Therapeutics, Inc. is a clinical-stage biotechnology company advancing a diverse portfolio of small molecule product candidates containing tumor-targeted and/or immune-mediated mechanisms with the potential to treat a range of tumors. Its two clinical-stage therapeutic product candidates are Amezalpat and TPST-1495. Amezalpat is an oral, small molecule, selective antagonist of peroxisome proliferator-activated receptor alpha. The ongoing global randomized Phase Ib/II trial of Amezalpat combined with the standard-of-care first-line regimen of atezolizumab and bevacizumab in patients with advanced or metastatic hepatocellular carcinoma. The Company’s second clinical program, TPST-1495, a dual antagonist of the EP2 and EP4 receptors of prostaglandin E2, a pathway implicated in multiple cancers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
