Tempus AI, Zscaler, AeroVironment Announce Convertible Notes; Zscaler $1.5B Offering, Tempus AI and Zscaler Shares Fall Premarket

Tempus AI, Inc. announced a proposed offering of convertible senior notes aimed at optimizing its capital structure and reducing interest expenses. The announcement led to a 2.9% decline in Tempus AI's premarket stock price. Similarly, Zscaler revealed a proposed offering of $1.5 billion in convertible senior notes, which caused its shares to fall 3.3% in premarket trading. This move by Zscaler is interpreted as a strategic step signaling expansion plans. Meanwhile, AeroVironment filed an automatic mixed securities shelf and announced proposed underwritten public offerings of $750 million in common stock and $600 million in convertible senior notes due 2030. Despite the recent decline, Zscaler's stock has climbed 70%, indicating strong investor interest and potential buying opportunities.