Chicago – November 4, 2024 – Cooley advised Tempus AI (Nasdaq: TEM), a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare, on its agreement to acquire Ambry Genetics, a company focusing on genetic testing that aims to improve health by understanding the relationship between genetics and disease. Under the terms of the agreement, Tempus will pay $375 million in cash and $225 million in shares at closing, of which $100 million will be subject to a lock-up agreement until one year post-transaction close.
Partner Erin Kirchner led the Cooley team advising Tempus.
Cooley previously advised Tempus on its $410.7 million initial public offering in June 2024.
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