SPAC · Merger completed
ACE Convergence Acquisition Corp.
Business combination with Tempo Automation, Inc.
ACE Convergence Acquisition Corp. is a blank-check company (SPAC) that raised $200M in its initial public offering on Jul 28, 2020, listing on Nasdaq. It completed its business combination with Tempo Automation, Inc. on Nov 22, 2022; the combined company is Tempo Automation Holdings, Inc. (TMPO). Cantor led the IPO, with Northland. Skadden, Arps advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.
Tempo Automation is a software-accelerated electronics manufacturer that helps companies develop and bring new products to market. It is the target of a proposed business combination with ACE Convergence, a special purpose acquisition company focused on industrial and enterprise IT and semiconductors.
- Status
- Merger completed
- IPO date
- Jul 28, 2020
- IPO size
- $200M
- IPO exchange
- Nasdaq
- Target
- Tempo Automation, Inc.
- Announced
- Oct 14, 2021
- Closed
- Nov 22, 2022
- Combined company
- Tempo Automation Holdings, Inc. (TMPO)
- SPAC counsel (IPO)
- Skadden, Arps and Walkers
- Underwriters' counsel (IPO)
- Ellenoff Grossman & Schole
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Jul 28, 2020
- Deal announcement (8-K) Oct 14, 2021
- Press release
- All filings on EDGAR CIK 1813658
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