Company: TEM
Filing Date: 2025-08-08
Form Type: PRE 14C
Source: 0001193125-25-176981
Chunk: 5

Company: Tempus AI, Inc.
Filing Date: 2025-08-08
Form: PRE 14C
Chunk 5
---
 be less than the sum of its total liabilities plus the amount that would be needed at
the time of a dissolution to satisfy the preferential rights of preferred stockholders. The Current Articles do not provide for flexibility for the Company on these distribution restrictions despite such flexibility being permitted under Nevada law.
The Amended Articles will provide for such flexibility by opting out of the limitation imposed by NRS 78.288(2)(b).

Nevada’s
“combinations with interested stockholders” statutes (NRS 78.411 to 78.444, inclusive), impose a moratorium of up to four years, depending on the circumstances, on certain business combinations with interested stockholders. An interested
stockholder is generally defined as a beneficial owner of 10% or more of the voting power. The initial two-year moratorium can be avoided by advance approval of the combination, or the transaction by which
such person first becomes an interested stockholder, by a corporation’s board of directors. Absent such advance approval, however, during the first two years after a person becomes an interested stockholder, a combination with the interested
stockholder must be approved by a corporation’s board of directors and 60% of the corporation’s voting power not beneficially owned by the interested stockholder, its affiliates and associates, at a meeting of the stockholders. After the
initial two-year period, up to four years from the date the person first became an interested stockholder, a combination remains prohibited unless: (i) the combination or the transaction by which the
person became an interested stockholder is approved by the board of directors before the person became an interested stockholder; (ii) the combination is approved by a majority of the outstanding voting power not beneficially owned by the
interested stockholder and its affiliates and associates; or (iii) the consideration to be received by the disinterested stockholders satisfies certain requirements. The combinations statutes in Nevada apply only to “resident domestic
corporations,” defined in NRS 78.427(1) as a Nevada corporation with 200 or more stockholders of record (as defined in NRS

3

78.010(1)(k)). Nevada corporations are entitled to opt out of the “combinations with interested stockholders” statutes, but the Company did not include such an opt out under the Current
Charter. However, the Company will opt out of the restrictions of these statutes in the Amended Articles before the Company has become a resident domestic corporation, in accordance with