# Tempest Therapeutics, Inc. (TPST) — capital_raise/atm_program [announced]
Source: sec.gov · situation sit_0876350da36cdd9bb752 · public 9134857862158267988 · retrieved 2026-08-20T13:14:58.023Z

## Overview
Tempest Therapeutics, Inc. is a pharmaceutical company developing therapeutic products; it is a smaller reporting company listed on The Nasdaq Capital Market.

On August 13, 2026, Tempest Therapeutics, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, pursuant to which Lincoln Park committed to purchase up to $50.0 million of the Company's common stock. The initial available amount is $25.0 million, automatically increased by an additional $25.0 million upon full funding of the initial tranche. The Company has the right, but not the obligation, to direct Lincoln Park to purchase shares over a 24-month period commencing on the Commencement Date (when registration statement effectiveness and other conditions are satisfied). As consideration for Lincoln Park's commitment, the Company agreed to issue 560,356 shares of Common Stock immediately upon signing as Initial Commitment Shares, and an additional 350,223 shares as Additional Commitment Shares following full funding of the initial $25.0 million.

## Terms
- Counterparty: Lincoln Park Capital Fund, LLC · Deal value: $50.0M · Consideration: stock

## Key dates
- Announced 2026-08-13

## Timeline
- 2026-08-13 · 8-K (0001193125-26-349334): 8-K - Tempest Therapeutics, Inc. — *Tempest Therapeutics, Inc. is a pharmaceutical company developing therapeutic products; it is a smaller reporting company listed on The Nasdaq Capital Market.* On August 13, 2026, Tempest Therapeutics, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, pursuant to which Lincoln Park committed to purchase up to $50.0 million of the Company's common stock. The initial available amount is $25.0 million, automatically increased by an additional $25.0 million upon full funding of the initial tranche. The Company has the right, but not the obligation, to direct Lincoln Park to purchase shares over a 24-month period commencing on the Commencement Date (when registration statement effectiveness and other conditions are satisfied). As consideration for Lincoln Park's commitment, the Company agreed to issue 560,356 shares of Common Stock immediately upon signing as Initial Commitment Shares, and an additional 350,223 shares as Additional Commitment Shares following full funding of the initial $25.0 million.
  https://www.sec.gov/Archives/edgar/data/1544227/0001193125-26-349334.txt

## Citations
- 0001193125-26-349334 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526349334