ACE Convergence Acquisition Corp. does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Wilmington, Delaware.
IPO Year: 2020
Exchange: NASDAQ
Website: acev.io
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Will Help Drive the Next Phase of Business and Financial Growth for the FPGA and eFPGA Pure Play Leader SANTA CLARA, Calif. , Oct. 12, 2022 /PRNewswire/ -- Achronix Semiconductor Corporation, a leader in high-performance FPGAs and eFPGA IP, announced it has named semiconductor industry veteran, Mahesh Karanth, as its chief financial officer. Karanth will take over for Howard Brodsky, who is retiring after 16 years at Achronix. Karanth comes to Achronix with more than 30 years of financial experience at multi-national public and private companies. Most recently, Karanth serv
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8-K - Tempo Automation Holdings, Inc. (0001813658) (Filer)
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8-K - Tempo Automation Holdings, Inc. (0001813658) (Filer)
8-K - Tempo Automation Holdings, Inc. (0001813658) (Filer)
SAN FRANCISCO, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Tempo Automation, Inc., a leading software-accelerated electronics manufacturer, today announced that it completed its business combination with ACE Convergence Acquisition Corp. ("ACE") (NASDAQ:ACEV), a special purpose acquisition company traded on Nasdaq. ACE's shareholders approved the business combination at an extraordinary general meeting held on November 17, 2022. Following the merger, the combined company will operate under the name "Tempo Automation Holdings, Inc." ("Tempo Automation"). Beginning on November 23, 2022, Tempo Automation's common stock and warrants will trade on Nasdaq under the ticker symbols "TMPO" and "TMPOW", resp
SAN FRANCISCO, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Tempo Automation ("Tempo"), a leading software-accelerated electronics manufacturer, and ACE Convergence Acquisition Corp. ("ACE") a special purpose acquisition company focusing on industrial and enterprise IT, have entered into a committed equity facility with White Lion Capital, LLC ("White Lion Capital"). Under the terms of the facility, White Lion Capital has committed to purchase up to an aggregate of $100 million in the post-closing combined company's common shares from time to time after the consummation of the previously announced business combination between Tempo and ACE at the request of the post-closing combined company. This fac
Will Help Drive the Next Phase of Business and Financial Growth for the FPGA and eFPGA Pure Play Leader SANTA CLARA, Calif. , Oct. 12, 2022 /PRNewswire/ -- Achronix Semiconductor Corporation, a leader in high-performance FPGAs and eFPGA IP, announced it has named semiconductor industry veteran, Mahesh Karanth, as its chief financial officer. Karanth will take over for Howard Brodsky, who is retiring after 16 years at Achronix. Karanth comes to Achronix with more than 30 years of financial experience at multi-national public and private companies. Most recently, Karanth serv
Tempo Automation, Inc. ("Tempo Automation"), a leading software-accelerated electronics manufacturer, held a financial analyst day on Wednesday, September 14, 2022. Tempo Automation presented on its long-term strategy and discussed the proposed business combination with ACE Convergence Acquisition Corp. (NASDAQ:ACEV), followed by a live Q&A. Management concluded by reiterating their expectation that the transaction will close in Q4 2022. The updated investor presentation has been made available on the Tempo Automation Investor Relations site, and is available on www.sec.gov. About Tempo Automation Tempo Automation is a leading software-accelerated electronics manufacturer, transforming t
Extraordinary General Meeting Scheduled for May 5, 2022Shareholders of Record as of April 13, 2022, are Eligible to Vote at Extraordinary General Meeting SAN FRANCISCO, April 18, 2022 (GLOBE NEWSWIRE) -- ACE Convergence Acquisition Corp. ("ACE") (NASDAQ:ACEV), a special purpose acquisition company focusing on industrial and enterprise IT, and Tempo Automation, Inc. ("Tempo"), a leading software-accelerated electronics manufacturer, today announced that the registration statement on Form S-4 (the "Registration Statement") in connection with ACE's and Tempo's previously announced proposed business combination (the "Business Combination") has been declared effective by the U.S. Securities an
Tempo Automation ("Tempo"), a leading software-accelerated electronics manufacturer, today announced that Joy Weiss, Tempo's Chief Executive Officer, and Ryan Benton, Tempo's Chief Financial Officer, will participate in the 34th Annual Roth Conference. Event 34th Annual Roth Conference Date March 15, 2022 Presentation 9:00 AM Pacific Time (12:00 PM Eastern Time) Location Dana Point, CA This year's event will consist of one-on-one and small group meetings, analyst-selected fireside chats, thematic industry panels, and on-demand presentations by executive management from approximately 400 private and public companies. To arrange a one-on-one
ACE Convergence Acquisition Corp. (NASDAQ:ACEV) ("ACE" or the "Company") encourages its shareholders to vote in favor of (i) the proposal to amend its Amended and Restated Memorandum and Articles of Association and (ii) the proposal to amend the Investment Management Trust Agreement, dated as of July 27, 2020, by and between the Company and Continental Stock Transfer & Trust Company, a New York corporation, as trustee ((i) and (ii) collectively, the "Extension Proposals") to extend the date by which the Company must complete an initial business combination, from January 30, 2022, to July 13, 2022 (the "Extension"). The 2021 Annual General Meeting of Shareholders of the Company (the "AGM"),
Tempo Automation, ("Tempo" or the "Company"), a leading software-accelerated electronics manufacturer, and ACE Convergence Acquisition Corp. ("ACE") (NASDAQ:ACEV), a special purpose acquisition company, announced today that the Company has secured an aggregate principle amount of $200 million from the issuance of 13.00% (per annum payable semi-annually, 8.00% in cash plus 5.00% in kind) Convertible Senior Notes due in 2025 (the "Notes"). The $200 million aggregate principal amount of the Notes consists of a $175 million investment from funds managed by Oaktree Capital Management, L.P. ("Oaktree"), a leading global alternative investment management firm, and $25 million from an investment pa
ACE Convergence Acquisition Corp. ("ACE") (NASDAQ:ACEV), a special purpose acquisition company focusing on industrial and enterprise IT, and Tempo Automation, ("Tempo"), a leading software-accelerated electronics manufacturer, announced today that on January 13, 2022, ACE filed a supplement to its proxy statement dated December 15, 2021, wherein ACE announced a proposal to extend the date by which ACE must consummate its initial business combination (the "Extension") from January 30, 2022, to July 13, 2022, which proposal is expected to be presented at ACE's annual general meeting of shareholders on January 21, 2022 (link). In connection with the proposed Extension, ACE announced that its
Tempo Automation, Inc. ("Tempo" or the "Company"), a leading software-accelerated electronics manufacturer, today announced that Joy Weiss, Tempo's Chief Executive Officer, and Ryan Benton, the Company's Chief Financial Officer, will participate in the CJS Securities 22nd Annual New Ideas for the New Year Conference on Wednesday, January 12, 2022. Management's presentation will take place at 3:45 P.M. Eastern time that day. Weiss and Benton will be available to conduct one-on-one meetings with investors during the conference. As previously announced on October 14, 2021, Tempo and ACE Convergence Acquisition Corp. ("ACE"), along with ACE Convergence Subsidiary Corp., entered into an agreem
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