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Tempest Therapeutics, Inc. logo
TPST$0.4639-1.72%

Tempest Therapeutics, Inc.

Sector: Pharmaceutical PreparationsIndustry: BiotechnologyCountry: USExchange: Nasdaq

Mkt Cap$7.84M
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DilutionScan read 45 of Tempest Therapeutics, Inc.'s SEC filings and found 14 warrant series, 2 ATM programs, 1 equity line, 5 shelf registrations, 1 S-1 registration and 5 completed offerings on file for TPST. The latest dilution event on file is a registration statement on Oct 1, 2026. Analysis updated Oct 6, 2026.

Signal8 Summary

TPST

Going-concern warning, cash nearly gone

Snapshot

Tempest is a clinical-stage cancer and cell-therapy biotech with no revenue, losing $26.3M in FY 2025 and burning through cash.

What's Happening Right Now

  • : A special stockholder meeting to remove supermajority voting requirements was adjourned to August 17, 2026 after insufficient votes were cast to approve the charter change.
  • : Q2 2026 net loss was $5.2M, cash fell to just $0.8M from $7.7M at year-end, but the company reported a 100% complete response rate across 15 patients in an early CAR-T trial and named new board members and a business development lead.
  • : Tempest partnered with Senlang Biotechnology to co-develop TPST-4003, a CD7-targeted in vivo CAR-T candidate, starting with a small investigator-led trial in China for autoimmune disease patients.
  • : A prospectus filing tied to warrant resales disclosed that the company's auditors have raised substantial doubt about its ability to continue as a going concern.
  • : Stockholders approved issuing up to roughly 4.2 million new shares tied to warrant exercises under Nasdaq rules.

Raise routes on file: effective shelf + effective S-1 + active equity line · latest dilution event 33 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Oct 1, 2026 · Registration

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 1

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2026

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 14

What is this?

Exercise price, shares and dates with Pro

Warrant

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Series A Warrants ( March 2026 PIPE)

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Series B Warrants ( March 2026 PIPE)

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

New Warrants ( May 2026 inducement)

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Placement Agent Warrants ( May 2026 inducement)

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

ATM · 2

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2021

Terminated

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

ATM program

Issued 2024

Suspended

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

Equity line · 1

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2026

Active

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Shelf · 5

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2024

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 5

What is this?

Proceeds, price, shares and agent with Pro

Registered direct offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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