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What is Tempus AI Acquires Ambry Genetics about?

On November 4, 2024, Tempus AI, Inc. entered into a Securities Purchase Agreement to acquire Ambry Genetics Corporation for $375 million in cash and shares of common stock. The acquisition is subject to regulatory approvals and is expected to close in the first quarter of 2025. Additionally, the company secured financing commitments from Ares Capital Corporation to fund the acquisition and related expenses.

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