Tempus AI, Inc. closed an offering of $400 million in convertible senior notes due 2032. The company increased the total from $350 million, reflecting strong investor demand. The notes bear no regular interest. The notes mature on May 15, 2032.
The private placement targeted qualified institutional buyers. Initial purchasers hold an option for an additional $60 million in notes.
The raise follows a first-quarter report exceeding revenue projections. Tempus AI also raised its fiscal 2026 revenue guidance. The capital supports growth in the genomics and data sectors.