Benzinga | Nov 16, 2021 05:02PM EST

Tempo Automation, ACE Convergence Acquisition Corp. Report Filing Of Registration Statement Related To Business Combo

Tempo Automation, Inc. ("Tempo"), a leading software-accelerated electronics manufacturer, and ACE Convergence Acquisition Corp. ("ACE") (NASDAQ:ACEV), a special purpose acquisition company focusing on industrial and enterprise IT, today announced that ACE has filed a registration statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC"). The Registration Statement provides important information about Tempo, ACE and their proposed business combination, but has not yet become effective and is subject to change.

As previously announced on October 14, 2021, Tempo and ACE, along with ACE Convergence Subsidiary Corp., entered into an agreement and plan of merger relating to their proposed business combination. Upon closing of the transaction, which is subject to the satisfaction of customary closing conditions, the combined entity will be renamed "Tempo Automation Holdings, Inc." and shares of its common stock are expected to trade on The Nasdaq Stock Market, LLC ("Nasdaq") under the ticker symbol "TMPO".