PSNL shares should trade near the $16.25 deal price with a small spread reflecting closing risk and time value. Monitor the S-4 proxy filing for shareholder vote details and any regulatory developments. The deal structure (stock with cash option) introduces TEM stock price risk — if TEM falls below $46, PSNL can terminate. Spread-watching is warranted.
Price Chart
Executive Summary
Personalis (PSNL) announced a definitive agreement to be acquired by Tempus AI (TEM) for $16.25 per share in a stock transaction valued at $1.5B enterprise value net of Tempus' existing stake. The deal represents a 6% premium to Friday's close and a 28% premium to the 30-day VWAP, with closing expected in late 2026 or early 2027. Preliminary Q2 2026 revenue of $22.4M and 10,384 clinical tests (33% sequential growth) underscore the commercial momentum that drove the acquisition.
Key Facts
- Acquisition price of $16.25 per share in a stock transaction (Tempus may elect cash up to 50% of consideration)
- Total enterprise value of $1.5 billion, net of Tempus' existing ownership interest
- 6% premium to Friday's closing price and 28% premium to unaffected 30-day VWAP
- Preliminary Q2 2026 revenue of $22.4 million and 10,384 clinical tests (33% sequential growth)
- Closing expected in late 2026 or early 2027, subject to Personalis shareholder approval and regulatory clearances
- Tempus has the option to pay cash, capped at 50% of consideration, financed with cash on hand and credit facilities
Financial Impact
Enterprise value of $1.5B; $16.25 per share consideration; preliminary Q2 revenue $22.4M
Risk Factors
- Shareholder approval may not be obtained
- Regulatory approvals could be delayed or denied
- Tempus stock price falling below $46 per share gives Personalis the right to terminate the merger agreement
- Integration risks and potential disruption to business operations during the pendency
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-308488 |
| Document: d68794dex991.htm | 0001193125-26-308488 |
| Document: 0001193125-26-308488-index-headers.html | 0001193125-26-308488 |
| Document: 0001193125-26-308488-index.html | 0001193125-26-308488 |
| Document: 0001193125-26-308488.txt | 0001193125-26-308488 |
| 8-K Data (Synthetic) | 0001193125-26-308488 |
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
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