Inactive Instrument

ACE Convergence Acquisition Corp.

Equities

ACEV

KYG0083D1209

Tempo Automation, Inc. announced that it expects to receive $200 million in funding from Oaktree Capital Management, L.P., ACE Convergence Acquisition Corp.

January 19, 2022

Tempo Automation, Inc. announced a private placement of 13.00% (per annum payable semi-annually, 8.00% in cash plus 5.00% in kind) convertible senior notes due in 2025 issued at par for gross proceeds of $200,000,000 led by new investor, Oaktree Capital Management, L.P. for $175,000,000 on January 19, 2022. The transaction included participation from ACE Convergence Acquisition Corp. for $25,000,000, as a replacement for a previously announced investment, for a total of $175 million of new financing.

The notes are anticipated to fund concurrently with the closing of the proposed business combination of Tempo Automation, Inc. and ACE. The transaction is expected to close in first quarter or second quarter of 2022. The $175,000,000 of new financing will replace the existing $54,000,000 proceeds from the previously announced senior term debt facility.

Latest news about ACE Convergence Acquisition Corp.

ACE Convergence Acquisition Corp.(NasdaqCM:ACEV) dropped from NASDAQ Composite Index	22/22/22	CI
Tempo Automation Inc. completed the acquisition of ACE Convergence Acquisition Corp. from ACE Convergence Acquisition LLC and others in a reverse merger transaction.	22/22/22	CI
ACE Convergence Acquisition Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	15/22/15	CI
ACE Convergence Acquisition Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	16/22/16	CI
Tempo Automation, Inc. cancelled the transaction announced on January 19, 2022	30/22/30	CI
Compass Diversified Nixes Deal to Sell Advanced Circuits Parent to Tempo Automation	30/22/30	MT
ACE Convergence Acquisition Corp. Reports Earnings Results for the First Quarter Ended March 31, 2022	14/22/14	CI
SEC Declares Tempo Automation, ACE Convergence Acquisition's Merger Effective	19/22/19	MT
ACE Convergence Acquisition Corp. Reports Earnings Results for the Full Year Ended December 31, 2021	11/22/11	CI
ACE Convergence Acquisition Corp. Auditor Raises 'Going Concern' Doubt	10/22/10	CI
ACE Convergence Acquisition Corp. Announces the Re-Appointment of Withumsmith+Brown, PC as the Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2022 At the Annual General Meeting Held on January 21, 2022	26/22/26	CI
Tempo Automation, ACE Convergence Acquisition Get $200 Million Financing Led by Oaktree	19/22/19	MT
Tempo Automation, Inc. announced that it expects to receive $200 million in funding from Oaktree Capital Management, L.P., ACE Convergence Acquisition Corp.	19/22/19	CI
ACE Convergence Acquisition Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	15/21/15	CI
Compass Diversified : to Sell Compass AC Unit to SPAC Merger Target Tempo Automation	14/21/14	MT
ACE Convergence Acquisition : Tempo Automation to Go Public via Blank-Check Merger with ACE Convergence Acquisition	14/21/14	MT
ACE Convergence Acquisition Corp. Announces Resignation of Sunny Siu from the Board of Directors and as President	14/21/14	CI
Tempo Automation Inc. executed the letter of intent to acquire ACE Convergence Acquisition Corp. from ACE Convergence Acquisition LLC and others for approximately $650 million in a reverse merger transaction.	14/21/14	CI
Ace Convergence Acquisition Corp. Reports Earnings Results for the Second Quarter Ended June 30, 2021	17/21/17	CI
ACE Convergence Acquisition : Blank-check firm ACE Convergence, Achronix scrap $2 bln merger	12/21/12	RE
ACE Convergence Acquisition : Achronix, Special-Purpose Acquisition Company ACE Terminate Merger Deal	12/21/12	MT
Achronix Semiconductor Corp. cancelled the acquisition of ACE Convergence Acquisition Corp. in a reverse merger transaction.	11/21/11	CI
Ace Convergence Acquisition Corp. Reports Earnings Results for the First Quarter Ended March 31, 2021	25/21/25	CI
ACE Convergence Acquisition : Earnings Flash (ACEV) ACHRONIX SEMICONDUCTOR CORPORATION Posts Q1 EPS $0.21	05/21/05	MT
ACE Convergence Acquisition : Earnings Flash (ACEV) ACHRONIX SEMICONDUCTOR CORPORATION Posts Q1 Revenue $29.9M	05/21/05	MT

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Company Profile

ACE Convergence Acquisition Corp. is a blank check company. The Company is created for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. It focuses for a target business in the information technology (IT) infrastructure software and semiconductor sector. The Company has no business operation. The Company has not generated any revenue.

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