PSNL shares should trade near the $16.25 deal price with a small spread reflecting closing risk (shareholder vote, regulatory approvals, and the Tempus stock price floor of $46.00). Monitor for any competing bids, regulatory hurdles, or shareholder dissent. TEM shares may face modest dilution overhang given the stock consideration structure.
Price Chart
Executive Summary
Tempus AI (TEM) announced a definitive agreement to acquire Personalis (PSNL) for $16.25 per share in a stock transaction valued at $1.5 billion enterprise value, representing a 6% premium to the prior close and a 28% premium to the 30-day VWAP. The deal combines Personalis' MRD technology with Tempus' AI platform and commercial infrastructure, with closing expected in late 2026 or early 2027. Personalis also reported preliminary Q2 revenue of $22.4 million and 10,384 clinical tests, a 33% sequential volume increase.
Key Financial Metrics
Key Facts
- Tempus to acquire Personalis for $16.25 per share, total enterprise value of $1.5 billion
- Consideration is 100% stock with Tempus option to elect cash up to 50%
- Premium of 6% to Friday's close and 28% to 30-day VWAP
- Personalis reported preliminary Q2 revenue of $22.4 million and 10,384 clinical tests (+33% QoQ)
- Closing expected late 2026 or early 2027, subject to shareholder and regulatory approvals
- Transaction approved by both boards; Personalis conducted an 'exhaustive process'
- MRD market described as a $20 billion opportunity
Financial Impact
$1.5 billion enterprise value acquisition at $16.25/share; Personalis Q2 preliminary revenue $22.4M
Risk Factors
- Personalis shareholders may not approve the merger
- Regulatory approvals may be delayed or impose conditions
- Tempus stock price falling below $46.00 gives Personalis termination right
- Integration risks and potential failure to achieve synergies
- Potential litigation related to the transaction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001193125-26-308500 |
| Document: 0001193125-26-308500-index-headers.html | 0001193125-26-308500 |
| Document: 0001193125-26-308500-index.html | 0001193125-26-308500 |
| Document: 0001193125-26-308500.txt | 0001193125-26-308500 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 9, 2026 7w ago | Institutional Cluster | $14.50 $16.60 | ▲ +14.48% | ▲ +15.40% | $16.28 (+12.28%) |
Jul 20, 2026 10w ago | 425 | $13.44 $13.91 | ▲ +3.50% | ▲ +0.94% | $16.28 (+21.13%) |
Jul 20, 2026 10w ago | 8-K | $13.44 $13.91 | ▲ +3.50% | ▲ +0.94% | $16.28 (+21.13%) |
Jul 20, 2026 10w ago | 425 | $13.34 $13.89 | ▲ +4.12% | ▲ +0.00% | $16.28 (+22.04%) |
Jul 20, 2026 10w ago | 8-K | $13.34 $13.89 | ▲ +4.12% | ▲ +0.00% | $16.28 (+22.04%) |
Jul 16, 2026 11w ago | Insider Cluster | $15.58 $14.42 | ▼ −7.45% | ▼ −11.06% | $16.28 (+4.49%) |
Jun 29, 2026 13w ago | 144 | $13.40 $11.98 | ▼ −10.60% | ▼ −9.57% | $16.28 (+21.49%) |
Jun 26, 2026 14w ago | 144 | $13.75 $11.78 | ▼ −14.33% | ▼ −14.05% | $16.28 (+18.40%) |
Jun 26, 2026 14w ago | 144 | $13.75 $11.78 | ▼ −14.33% | ▼ −14.05% | $16.28 (+18.40%) |
Jun 6, 2026 16w ago | Insider Cluster | $10.04 $14.34 | ▲ +42.83% | ▲ +41.20% | $16.28 (+62.15%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access