SAN FRANCISCO, September 20, 2022–(Company WIRE)–Tempo Automation, Inc. (“Tempo Automation”), a foremost software program-accelerated electronics company, held a monetary analyst day on Wednesday, September 14, 2022. Tempo Automation presented on its very long-expression technique and talked over the proposed small business blend with ACE Convergence Acquisition Corp. (Nasdaq: ACEV), followed by a are living Q&A. Management concluded by reiterating their expectation that the transaction will near in Q4 2022.
About Tempo Automation
Tempo Automation is a foremost software package-accelerated electronics maker, transforming the way prime businesses innovate and convey new merchandise to market place. Tempo Automation’s distinctive automated production system optimizes the sophisticated process of printed circuit board manufacturing to produce unmatched good quality, pace and agility. The platform’s all-digital approach automation, data-driven intelligence, and connected wise manufacturing unit make a unique competitive edge for customers—to provide tomorrow’s products and solutions nowadays. From rockets to robots, autonomous vehicles to drones, quite a few of the quickest-transferring corporations in industrial tech, clinical engineering, area, and other industries husband or wife with Tempo Automation to speed up innovation and set a new tempo for development. Discover more at https://www.tempoautomation.com.
ACE Convergence Acquisition Corp. (Nasdaq: ACEV) is a specific purpose acquisition corporation focusing on industrial and enterprise IT and semiconductors. For additional facts, remember to check out: http://acev.io/
Added Information and facts and Wherever to Come across It
Further information about the proposed enterprise combination (the “Tempo Transaction”) in between Tempo Automation (collectively with its subsidiaries, “Tempo”) and ACE Convergence Acquisition Corp. (“ACE”), together with a duplicate of the arrangement and plan of merger and trader presentation, was delivered in a Present Report on Kind 8-K filed by ACE with the U.S. Securities and Exchange Fee (the “SEC”) on Oct 14, 2021, and is out there at www.sec.gov. In link with the Tempo Transaction, ACE has submitted a Registration Assertion on Form S-4 (as it has been and might be amended or supplemented from time to time, the “Registration Statement”). The Registration Statement has been declared effective, and ACE has filed submit-successful amendments thereto. In advance of the vote by ACE’s shareholders with regard to the Tempo Transaction and other issues as described in the Registration Assertion, ACE will mail a definitive proxy assertion to its shareholders in link with ACE’s solicitation of proxies for these kinds of vote. The Registration Assertion also includes the prospectus relating to the supply of securities to be issued to Tempo stockholders in link with the Tempo Transaction. The Registration Assertion involves details with regards to the folks who might, beneath SEC principles, be considered members in the solicitation of proxies to ACE’s shareholders in link with the Tempo Transaction. ACE will also file other documents relating to the Tempo Transaction with the SEC. Just before producing any voting conclusion, buyers and stability holders of ACE and Tempo are urged to read the Registration Statement, the proxy assertion/prospectus contained therein, and all other appropriate paperwork submitted or that will be submitted with the SEC in link with the Tempo Transaction as they grow to be obtainable simply because they will comprise critical information and facts about the Tempo Transaction.
Traders and safety holders can obtain absolutely free copies of the proxy assertion/prospectus and all other appropriate paperwork filed or that will be filed with the SEC by ACE by way of the website preserved by the SEC at www.sec.gov. In addition, the paperwork filed by ACE could be acquired no cost of demand from ACE’s web site at acev.io or by composed ask for to ACE at ACE Convergence Acquisition Corp., 1013 Centre Highway, Suite 403S, Wilmington, DE 19805.
Forward-On the lookout Statements
This conversation contains specified ahead-searching statements inside the this means of the federal securities legislation with respect to the Tempo Transaction, together with statements about the gains of the Tempo Transaction, the predicted timing of the Tempo Transaction, the solutions provided by Tempo and the markets in which it operates, and Tempo’s projected long run final results. These ahead-wanting statements normally are identified by the terms “imagine,” “undertaking,” “count on,” “anticipate,” “estimate,” “intend,” “system,” “upcoming,” “opportunity,” “strategy,” “might,” “must,” “will,” “would,” “will be,” “will keep on,” “will very likely outcome,” and comparable expressions. Forward-on the lookout statements are predictions, projections and other statements about potential activities that are centered on existing expectations and assumptions and, as a end result, are issue to challenges and uncertainties that could trigger the precise final results to vary materially from the envisioned success. Numerous aspects could bring about true future functions to differ materially from the ahead-looking statements in this document, like but not minimal to: (i) the chance that the Tempo Transaction may not be completed in a timely way or at all, which may perhaps adversely have an impact on the rate of ACE’s securities, (ii) the possibility that the Tempo Transaction could not be completed by ACE’s company mixture deadline and the prospective failure to get hold of an further extension of the small business combination deadline if sought by ACE, (iii) the failure to fulfill the circumstances to the consummation of the Tempo Transaction, like the receipt of the requisite approvals of ACE’s shareholders and Tempo’s stockholders, respectively, the fulfillment of the bare minimum belief account volume next redemptions by ACE’s community shareholders and the receipt of specified governmental and regulatory approvals, (iv) the absence of a third get together valuation in identifying no matter whether or not to go after the Tempo Transaction, (v) the event of any occasion, adjust or other circumstance that could give rise to the termination of the amended and restated arrangement and plan of merger, (vi) the result of the announcement or pendency of the Tempo Transaction on Tempo’s organization relationships, overall performance, and organization usually, (vii) pitfalls that the Tempo Transaction disrupts current programs of Tempo and potential troubles in Tempo employee retention as a final result of the Tempo Transaction, (viii) the end result of any lawful proceedings that may well be instituted from Tempo or towards ACE connected to the amended and restated arrangement and strategy of merger or the Tempo Transaction, (ix) the skill to sustain the listing of ACE’s securities on The Nasdaq Stock Market LLC, (x) volatility in the selling price of ACE’s securities because of to a wide range of variables, together with variations in the aggressive and very controlled industries in which Tempo options to run, variations in general performance throughout competitors, variations in rules and rules affecting Tempo’s company and improvements in the mixed cash framework, (xi) the capacity to apply business enterprise ideas, forecasts, and other anticipations immediately after the completion of the Tempo Transaction, and recognize and know more opportunities, (xii) the hazard of downturns in the remarkably competitive business in which Tempo operates, (xiii) the effect of the global COVID-19 pandemic, (xiv) the enforceability of Tempo’s intellectual residence, which includes its patents, and the opportunity infringement on the intellectual house rights of other people, cyber safety hazards or possible breaches of data protection, (xv) the means of Tempo to secure the mental house and confidential facts of its buyers, (xvi) the possibility of downturns in the hugely competitive additive manufacturing industry, and (xvii) other dangers and uncertainties explained in the Registration Statement, the proxy statement/prospectus incorporated in the Registration Statement, ACE’s Once-a-year Report on Form 10-K for the fiscal yr ended December 31, 2021, filed with the SEC on March 10, 2022 (the “Type 10-K”), its subsequent Quarterly Reports on Sort 10-Q and the other documents filed by ACE from time to time with the SEC. The foregoing record of variables is not exhaustive. These forward-looking or supplemented statements are presented for illustrative uses only and are not meant to serve as, and should not be relied on by buyers as, a ensure, an assurance, a prediction or a definitive statement of actuality or likelihood. You should cautiously contemplate the foregoing variables and the other threats and uncertainties explained in the “Risk Variables” portion of the Registration Assertion, the proxy assertion/prospectus bundled in the Registration Statement, the Form 10-K, ACE’s Quarterly Studies on Form 10-Q and the other paperwork submitted by ACE from time to time with the SEC. These filings detect and address other crucial hazards and uncertainties that could lead to precise activities and outcomes to differ materially from those people contained in the ahead-searching statements. These hazards and uncertainties may possibly be amplified by the COVID-19 pandemic, which has induced major financial uncertainty. Forward-wanting statements talk only as of the date they are manufactured. Visitors are cautioned not to place undue reliance on ahead-searching statements, and Tempo and ACE assume no obligation and do not intend to update or revise these forward-hunting statements, whether or not as a result of new information and facts, long run events, or normally, besides as demanded by securities and other relevant guidelines. Neither Tempo nor ACE gives any assurance that possibly Tempo or ACE, respectively, will achieve its anticipations.
No Offer or Solicitation
This conversation is for informational needs only and does not constitute an present or invitation for the sale or invest in of securities, belongings or the business described herein or a dedication to ACE with respect to any of the foregoing, and this conversation shall not type the basis of any contract, nor is it a solicitation of any vote, consent, or acceptance in any jurisdiction pursuant to or in relationship with the Tempo Transaction or or else, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of relevant law.
Participants in Solicitation
ACE and Tempo, and their respective directors and government officers, may be deemed individuals in the solicitation of proxies of ACE’s shareholders in respect of the Tempo Transaction. Information about the administrators and govt officers of ACE is established forth in the Sort 10-K. Further facts concerning the id of all prospective individuals in the solicitation of proxies to ACE’s shareholders in link with the proposed Tempo Transaction and other issues to be voted upon at the extraordinary standard assembly, and their direct and indirect passions, by protection holdings or if not, is set forth in ACE’s proxy statement. Buyers may possibly get hold of these kinds of information by examining this sort of proxy statement.
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