ACE Convergence Acquisition Corp - Ordinary Shares - Class A

NASDAQ:ACEV   3:59:52 PM EDT
9.95
+0.01 (+0.10%)
Debt Financing / Related, Mergers / Acquisitions

Tempo Automation Inc Set To Go Public Through Merger With Ace Convergence Acquisition Corp

Published: 10/14/2021 11:46 GMT
ACE Convergence Acquisition Corp - Ordinary Shares - Class A (ACEV) - Ace Convergence Acquisition Corp - at Closing Tempo to Simultaneously Acquire Advanced Circuitsand Whizz Systems Inc.ace Convergence Acquisition Corp - Upon Closing of Transaction, Combined Operating Entity Will Be Renamed "tempo Automation Holdings, Inc.".
Ace Convergence Acquisition Corp - Shares of Combined Operating Entity Expected to Trade on Nasdaq Under Ticker Symbol "tmpo".
Ace Convergence Acquisition - Deal Reflects Implied Equity Value of Combined Company of Approximately $919 Million Estimated Post-transaction Equity Value.
Ace Convergence Acquisition Corp - Proceeds Will Be Utilized to Complete Acquisitions of Advanced Circuits and Whizz.
Ace Convergence Acquisition - Other Financing Comes From Point72 Ventures Investments, Ace Equity Partners, Firsthand Funds, Lux Ventures, Among Others.