SAN FRANCISCO, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ:TMPO) (the "Company") announced today that on October 24, 2023, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq"). As previously disclosed, on April 24, 2023, Nasdaq had notified the Company that the market value of its listed securities had been below the minimum $50,000,000 required for continued listing as set forth in Listing Rule 5450(b)(2)(A) (the "Market Value Rule") for the previous 30 consecutive trading days and, in accordance with Listing Rule 5810(c)(3)(C), the Company was provided 180 calendar days, or until October 23, 2023,

SAN FRANCISCO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ:TMPO, the "Company"))) has received a default notice from its senior lender consortium.  As previously disclosed, Tempo Automation, Inc. ("Tempo OpCo"), a Delaware corporation and wholly owned subsidiary of the Company, previously entered into that certain First Amended and Restated Loan and Security Agreement, dated as of November 22, 2022 (as amended, the "Loan Agreement") by and among Tempo OpCo, Structural Capital Investments III, LP ("SCI"), Series Structural DCO II series of Structural Capital DCO, LLC ("DCO"), CEOF Holdings LP ("CEOF"), SQN Tempo Automation, LLC ("SQNTA"), SQN Venture Income Fu

SAN FRANCISCO, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ:TMPO, the "Company"))), a leading software-accelerated electronics manufacturer, today announced that it had received a letter (the "Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, because the Company has not yet filed its Form 10-Q for the period ended June 30, 2023 (the "Filing"), the Company no longer meets the requirements for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5250(c)(1) (the "Periodic Filing Rule"). The Letter is only a notification of deficiency, not of imminent delisting, and has no cu

SAN FRANCISCO, June 21, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ:TMPO, "Tempo Automation" or "Tempo" or the "Company"))), a leading software-accelerated electronics manufacturer, today announced the successful execution of a $7.0 million unsecured subordinated convertible promissory note (the "Convertible Promissory Note") with Asia-IO Advanced Manufacturing Partners, L.P. ("Asia-IO"), a cross-border private equity fund specializing in advanced manufacturing and industrial technology opportunities. "We are delighted to have secured financing that not only bolsters our financial stability but also equips us with the capital necessary to finalize the previously ann

SAN FRANCISCO, May 22, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (("Tempo Automation" or "Tempo", NASDAQ:TMPO), a leading software-accelerated electronics manufacturer, announces the initiation of customer trials for its upgraded customer portal. The portal provides real-time feedback on price estimates for printed circuit board assemblies (PCBAs), with visibility to supply chain availability and constraints. "Our goal is to offer our customers unprecedented insights into lead-times, estimated costs, and supply chain alternatives during the critical design and early manufacturing stages of new electronic products," said Joy Weiss, CEO of Tempo Automation. "In line with our

SAN FRANCISCO, May 15, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ:TMPO, "Tempo Automation" or "Tempo"))), a leading software-accelerated electronics manufacturer, announced today its financial results for the first quarter of 2023. "We continued to see strong customer engagement for our software-accelerated platform across multiple industries," said Joy Weiss, CEO of Tempo Automation. "We look forward to closing the Optimum transaction and further extending our engagement opportunity across the entire new product design and manufacturing process." Financial Highlights: Total revenue was $2.8 million in the first quarter of 2023, compared to $3.9 million in the fir

SAN FRANCISCO, March 27, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ:TMPO, "Tempo Automation" or "Tempo"))), a leading software-accelerated electronics manufacturer, announced today that it has entered into a definitive agreement to acquire Optimum Design Associates, Inc. and Optimum Design Associates Pty. Ltd. (collectively "Optimum" or "Optimum Design Associates"), a fast-growing electronic design services company with offices in the United States and Australia that has delivered over 10,000 printed circuit board (PCB) designs to blue-chip customers. By vertically integrating electronic design and manufacturing, Tempo expects to be able to engage with customers even

SAN FRANCISCO, March 02, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ:TMPO) ("Tempo" or "Tempo Automation"), 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 35th Annual Roth Conference on March 13, 2023. This year's event will consist of 1-on-1 / small group meetings, analyst-selected fireside chats, thematic industry panels, and company presentations by executive management from approximately 400 private and public companies in a variety of growth sectors including: Business Services, Consumer / Health & Wellness, Healthca

SAN FRANCISCO, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ:TMPO) ("Tempo Automation" or "Tempo") has added powerful new tools to its Accelerated Electronics Manufacturing Platform, enabling its customers to have real-time visibility and management of component inventory across multiple projects and prototype builds. This update helps Tempo customers guard against supply chain disruptions within the electronics industry. At the heart of this update to the Tempo Platform lies a proprietary inventory management system. This system allows Tempo customers to manage and track the status of each individual electronic component, in real-time, from receiving, through