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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)
IPO underwriters
Cantor and Northland
SPAC counsel (IPO)
Skadden, Arps and Walkers
Underwriters' counsel (IPO)
Ellenoff Grossman & Schole

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