TPST Tempest Therapeutics, Inc.

NEUTRAL Impact: 4/10 S-3
Horizon months Filed Apr 2, 2026 Processed 2mo ago SEC 0001193125-26-138652
Shelf registration — potential dilution
Latest settled — T+20d
TPST ▲ +25.16% at T+20d
NEUTRAL call ✓ call won +25.16% · α vs SPY +15.28% · entry $1.59 → $1.99
Next anchor: T+60d in 14d
Last close $1.26 (close Jun 12) · -20.75% from $1.59 entry
Entry anchored
Apr 1, 03:59 PM ET
via Databento tick
T+1d
0.00%
call 0.00% · α -0.48%
$1.59
settled 2mo ago
T+5d
+28.93%
call +28.93% · α +25.31%
$2.05
settled 2mo ago
T+20d
+25.16%
call +25.16% · α +15.28%
$1.99
settled 7w ago
T+60d
call — · α —
in 14d

Price Chart

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Executive Summary

Tempest Therapeutics filed an S-3 shelf registration to register 2,777,781 shares for resale by selling stockholders, including shares issued in a recent private placement and shares issuable upon warrant exercise. The company will not receive proceeds from the resale, but may receive up to $4 million from warrant exercises. This follows strong clinical data and a strategic acquisition, suggesting opportunistic capital raising rather than distress.

Key Financial Metrics

Offering Size
$4.4M
Dilution
19.36%

Actionable Insight

Monitor warrant exercise activity as it could bring meaningful capital without additional dilution. The shelf registration enables future opportunistic offerings, but current financials and recent positive developments suggest this is precautionary rather than urgent. Watch for clinical trial progress as catalysts.

Key Facts

  • S-3 shelf registration for 2,777,781 shares to be resold by selling stockholders
  • Shares include 462,964 common shares and 2,314,817 shares issuable upon warrant exercise
  • Company will not receive proceeds from share resale but may receive $4 million from warrant exercises
  • Recent positive clinical data for TPST-2003 in multiple myeloma and acquisition of CAR-T assets
  • Company had $7.7 million cash at year-end 2025 with net loss decreasing to $26.3 million

Financial Impact

Up to $4 million potential proceeds from warrant exercises at $2.16 per share; no proceeds from share resale

dilutioncash positionmarket cap

Risk Factors

  • Potential dilution if warrants are exercised
  • Biotech development risk for clinical-stage assets
  • Small market cap ($23M) increases volatility risk

Market Snapshot

Exchange
Nasdaq
Sector
Pharmaceutical Preparations

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
S-3 Filing (Primary)0001193125-26-138652
Document: d17525dexfilingfees.htm0001193125-26-138652
Document: d17525dex51.htm0001193125-26-138652
Document: d17525dex231.htm0001193125-26-138652
Document: 0001193125-26-138652-index-headers.html0001193125-26-138652
Document: 0001193125-26-138652-index.html0001193125-26-138652
Document: 0001193125-26-138652.txt0001193125-26-138652
11 reports for TPST
Performance horizon
86% Hit rate 6 of 7 directional calls best @ T+5▲ +25.99%May 22, 2026
Filters
Rows
Reports for TPST — sortable, filterable
Type Now
May 29, 2026
16d ago
8-K
NEUTRAL ★ 2/10
$1.45 $1.27▼ −12.41%▼ −9.66%$1.26 (−13.10%)
May 29, 2026
16d ago
Press Release
BEARISH ★ 6/10
$1.53 $1.27▲ +16.99%▲ +16.70%$1.26 (+17.65%)
May 22, 2026
23d ago
8-K
BEARISH ★ 8/10
$1.77 $1.31▲ +25.99%▲ +27.20%$1.26 (+28.81%)
May 22, 2026
23d ago
8-K
BEARISH ★ 5/10
$1.77 $1.31▲ +25.99%▲ +27.20%$1.26 (+28.81%)
May 14, 2026
4w ago
8-K
BEARISH ★ 7/10
$1.83 $1.86▼ −1.64%▼ −0.68%$1.26 (+31.15%)
Apr 29, 2026
6w ago
Press Release
BULLISH ★ 5/10
$1.74 $2.15▲ +23.56%▲ +20.45%$1.26 (−27.59%)
Apr 6, 2026
10w ago
EFFECT
NEUTRAL ★ 4/10
$1.59 $2.14▲ +34.59%▲ +30.46%$1.26 (−20.75%)
Apr 2, 2026
10w ago
S-3
NEUTRAL ★ 4/10
$1.59 $2.05▲ +28.93%▲ +25.31%$1.26 (−20.75%)
Mar 30, 2026
10w ago
Press Release
MIXED ★ 6/10
$1.52 $1.56▲ +2.63%▼ −1.67%$1.26 (−17.11%)
Mar 11, 2026
13w ago
Press Release
BULLISH ★ 7/10
$2.40 $2.16▼ −10.00%▼ −7.81%$1.26 (−47.50%)
Showing 10 of 11

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