Company: TEM
Filing Date: 2025-08-08
Form Type: S-3ASR
Source: 0001193125-25-175993
Chunk: 77

Company: Tempus AI, Inc.
Filing Date: 2025-08-08
Form: S-3ASR
Chunk 77
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 stock under the sales agreement, we will notify a sales agent of the number or dollar value of shares to be issued, the time period during which such sales are requested
to be made, any limitation on the number of shares that may be sold in one day, any minimum price below which sales may not be made and other sales parameters as we deem appropriate. Once we have so instructed such sales agent, unless the sales
agent declines to accept the terms of the notice, such sales agent has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices, to sell such shares up to the amount specified on such terms. The
obligations of the sales agents under the sales agreement to purchase or sell our common stock are subject to a number of conditions that we must meet.

We will pay the sales agents commissions for their services in the sale of our Class A common stock at a commission rate equal to up to
3.0% of the aggregate gross proceeds from each sale of Class A common stock. We estimate that the total expenses for the offering, excluding any commissions or expense reimbursement payable to the sales agents under the terms of the sales
agreement, will be approximately $400,000. The remaining sale proceeds, after deducting any other transaction fees, will equal our net proceeds from the sale of such shares. Except as we and the sales agents otherwise agree, we will reimburse the
sales agents for their reasonable out-of-pocket expenses, including attorney’s fees, in an amount not to exceed an aggregate of $125,000 incurred in connection with
the execution of the sales agreement and up to $50,000 per calendar quarter, for ongoing diligence arising from the transactions contemplated by the sales agreement. We have agreed to provide indemnification and contribution to the sales agents
against certain civil liabilities, including liabilities under the Securities Act.

Under the terms of the sales agreement, we may, if
agreed to by the sales agents, also sell shares of our Class A common stock to each of the sales agents, as principal for its own account, at a price per share and such other terms to be agreed upon at the time of sale. However, the sales
agents have no obligation to agree to purchase shares of our Class A common stock as principal. If we sell to any sales agent as principal, we will enter into a separate terms agreement with such sales agent.

Settlement for sales of Class A common stock will occur on the first business day that is also a trading day following the date on which
any