Company: TEM
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025603
Chunk: 337

Company: Tempus AI, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 337
---
 price was less than 110% of the price per share of Class A common stock sold in the IPO. As such, holders of Series G-4 Preferred were owed an aggregate payment of $2.3 million, which was made in July 2024.In January 2024, the Company issued 66,465 shares of Series G-3 convertible preferred stock and 10,666 shares of Series G-4 convertible preferred stock as payment of paid-in-kind dividends. In April 2024, the Company issued 3,489,981 shares of Series G-5 convertible preferred stock (“Series G-5 Preferred”) for aggregate proceeds of $200.0 million. Each share has a par value of $0.0001. The Company will use the proceeds for working capital and general corporate purposes. In connection with the IPO, all of the Company’s then-outstanding shares of redeemable convertible preferred stock and accrued but unpaid dividends were automatically converted into 71,976,178 shares of Class A voting common stock and 5,043,789 shares of Class B voting common stock. Redeemable convertible preferred stock outstanding as of December 31, 2023 consisted of the following (in thousands, except share amounts):  

        As of December 31,2023

        Series
         
        Year
         
        Shares

        Liquidation

        Carrying

        Preferred
         
        Issued
         
        Authorized

        Outstanding

        Amount

        Value

        Series A
         
        2015

        10,000,000

        10,000,000

        $
        10,500

        $
        10,000

        Series B
         
        2016

        5,374,899

        5,374,899

        10,500

        10,000

        Series B-1
         
        2016

        2,500,000

        2,500,000

        10,500

        10,000

        Series B-2
         
        2017

        4,191,173

        4,191,173

        31,500

        30,000

        Series C
         
        2017

        9,779,403

        9,779,403

        86,757

        70,000

        Series D