Minichart Market update
Tempest Therapeutics Secures Up to $50 Million Equity Facility From Lincoln Park
Tempest Therapeutics has secured an equity facility of up to $50 million from Lincoln Park Capital Fund, LLC. This agreement provides Tempest with a flexible capital source for operations and clinical development, allowing the company to control the timing and amount of share sales. While offering a potential funding runway, the arrangement will lead to significant dilution for …