Tempus Applied Solutions Holdings Inc fka TMPS

[lloydm]

The 12 million is mostly (IMO) needed to satisfy the S-1 IPO requirement. They (TMPS) don't need the funds for operations. Tempus is already profitable.

Mr Terry clearly wrote funds is there only "if needed".

Aug. 25, 2017 /PRNewswire/ -- Tempus Applied Solutions Holdings, Inc. (OTCQB: TMPS) reported its first quarterly operating profit as part of the Company's financial results for the second quarter of 2017 (01 April – 30 June). Tempus delivered in excess of $300,000, or $0.03 per share (average weighted number of shares), in operating profit versus $1.10 million loss and negative $0.12 per share from the same period in 2016

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Do you plan on tapping the $12 million in proceeds immediately from the equity agreement or is this something you anticipate drawing on incrementally or as needed in order to limit dilution?

to me

Incremental if needed.