According to a filing submitted to the US Securities and Exchange Commission (SEC), Tempest Therapeutics Inc. will not receive any proceeds from the sale of the company's shares by selling shareholders.
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The document clearly states that all funds involved in this share sale will go entirely to the selling shareholders, and the company itself will not receive any financial proceeds from it. This arrangement means that Tempest Therapeutics’s financial position will not be directly affected by this equity change.
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