Tempest Therapeutics raises $2 million in private placement

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              BRISBANE, Calif. - Tempest Therapeutics, Inc. (NASDAQ:TPST) announced today it has entered into definitive agreements for a private placement expected to generate approximately $2 million in gross proceeds before fees and expenses. The fundraising comes as the company, with a market capitalization of just $30.87 million, has seen its stock plunge 78.56% over the past year.
            

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