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  "documentTitle": "Tempus AI, Inc. (TEM)",
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  "notes": "Uses a circular diagram to imply a closed-loop financial relationship.",
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      "text": "Cash to Tempus from Pathos: Per the April 2025 Agreement, Pathos will pay Tempus $200M in cash and stock over a 3-year period.",
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      "text": "Cash to Lefkofsky from Tempus: Since TEM's IPO, Eric Lefkofsky has generated ~$360M of proceeds from his open market sales of Tempus stock.",
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      "text": "Cash from Eric Lefkofsky and Firms Tied To Tempus Directors Invested In Pathos: Lightbank, Eric Lefkofsky’s venture capital firm, participated in the Series C round.",
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      "text": "It would be highly concerning if capital from his stock sales were used to inject further capital into Pathos's recent Series D capital raise of $365 million.",
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      "text": "Circular relationship diagram between Tempus, Pathos, and Eric Lefkofsky/Director firms",
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      "text": "Spruce Point believes that the financial relationship among Tempus, Pathos, Eric Lefkofsky and Board members is highly concerning...",
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      "kind": "source-note",
      "text": "Source: Pathos AI Closes $62M Series C Round of Financing, Pathos Secures $365M Series D, Pathos, Tempus, AstraZeneca deal, Barris is Chairman Emeritus of NEA, Director Leonsis Founder of Revolution Growth, Tempus proxy statement, Iker Huerga LinkedIn. Note: Tempus has a warrant to purchase 15% of Pathos at $0.0125 per share",
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      "text": "Close Capital Relationships Between Tempus CEO And Director’s Investment Firms",
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