CEO Matthew Angel Increases Stake to 37.4% and Invests $500K in Private Placement

summarizeSummary

CEO Matthew Angel, through Factor Bioscience Inc., acquired an additional $500,001 in shares and warrants as part of a recent private placement, increasing his beneficial ownership to 37.4% of Tempest Therapeutics.

check_boxKey Events

• CEO's Increased Ownership

  Matthew Angel now beneficially owns 5,531,516 shares, representing 37.4% of the company's outstanding common stock.

• Private Placement Investment

  Through Factor Bioscience Inc., Mr. Angel invested $500,001.12 in the company's recent private placement on March 24, 2026, acquiring 231,482 shares and warrants for an additional 462,964 shares.

• Asset Acquisition Details

  The filing provides further context on the February 3, 2026, acquisition of 4,837,070 shares by Mr. Angel via the Asset Purchase Agreement, which was initially dated November 19, 2025.

auto_awesomeAnalysis

This Schedule 13D/A details a significant increase in beneficial ownership by CEO Matthew Angel, primarily through his controlled entity, Factor Bioscience Inc. His participation in the recent private placement, investing over $500,000, demonstrates strong insider conviction in the company's future. This capital infusion, coupled with his substantial 37.4% stake, provides a positive signal for investors, especially for a small life sciences company where funding and leadership alignment are critical. The filing also clarifies the prior asset acquisition and associated share issuance.