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TickerTPST
SectorBiotechnology
Mkt cap$9M
EV / EBITDAN/A
PostureHigh Velocity
Composite70/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1544227

Tempest Therapeutics, Inc.

TPSTHIGH VELOCITYFILING INTENSITY

Tempest Therapeutics, Inc. reads as High Velocity (composite 70/100); pressure / disclosure signals dominate the posture this cycle · primary market Healthcare.

Lens

Disclosed M&A capital (2023–2025)

N/A

flat

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
RevenueN/A
EBITDAN/A
Enterprise value$9M
EV / RevenueN/A
EV / EBITDAN/A
P/EN/A
Cash$8M
Total debt$6M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

0/100

Companies actively deploying disclosed capital into M&A

  • $500K disclosed buyer spend

Buyer Cadence

12/100

Buyer-side companies with recent filing activity

  • Filed within 34d
  • 162 8-Ks

Target Probability

20/100

Issuers showing target-side patterns from filings

  • 35 activism filings

Spin/Carve

2/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 4 spin pre-registrations
  • Latest event 14y ago; heavily discounted
  • 35 activism filings

Pressure Watch

49/100

Issuers facing activism, governance, or control pressure

  • 35 activism filings
  • Latest activism 1.8y ago

Distress Watch

44/100

Issuers showing financial-distress filing patterns

  • 10-Q 216d stale
  • 35 activism filings

Restatement Risk

3/100

Issuers with accounting-integrity flags from filings

  • 1 auditor change
  • Latest event 4.9y ago; discounted

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 162 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $9M
  • 10-Q 216d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Healthcare

Market spend (2023–2025)
$195B
Market spend (2020–2022)
$253.6B
Recent vs prior
−23%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

N/AEV / EBITDA

TPST trades at a -13.3-turn discount to the Healthcare peer median of 12.9×.

EV / Revenue
N/A
Net debt / EBITDA
N/A
Peer median EV / EBITDA
12.9×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
23.4×6.7×3.1×$62.8B$18B
17.2×0.9×1.9×$449.7B$28.1B
12.9×6.0×2.6×$37.2B$26.7B
11.7×0.5×2.5×$200.4B$6.4B
9.3×1.9×2.8×$76.4B$1.3B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Healthcare. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)172026-03-30
  • 10-Q (quarterly)412025-11-05
  • 8-K (event)1622026-05-06
  • Proxy / DEF 14A332025-12-31
  • Activism (13D / DFAN / PREC)352024-08-12

Signals on file

  • elevated

    Auditor change

    2021-07-01

    1 Item 4.01 filing on file; certifying accountant change.

  • elevated

    Spin registration

    2012-07-05

    4 Form 10-12 filings on file; pre-spin registration.

  • elevated

    Activism on file

    2024-08-12

    35 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Spin/Carve candidate

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Tempest Therapeutics, Inc.: Issuer Brief | SE-Cluster