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Extraordinary General Meeting Scheduled for May 5, 2022
Shareholders of Record as of April 13, 2022, are Eligible to Vote at Extraordinary General Meeting
SAN FRANCISCO, April 18, 2022 (GLOBE NEWSWIRE) — ACE Convergence Acquisition Corp. (“ACE”) (NASDAQ:ACEV), a special purpose acquisition company focusing on industrial and enterprise IT, and Tempo Automation, Inc. (“Tempo”), a leading software-accelerated electronics manufacturer, today announced that the registration statement on Form S-4 (the “Registration Statement “) in connection with ACE’s and Tempo’s previously announced proposed business combination (the “Business Combination”) has been declared effective by the US Securities and Exchange Commission (the “SEC”). The Registration Statement provides important information about ACE, Tempo and the Business Combination.
ACE also announced that it will hold an Extraordinary General Meeting (the “Meeting”) at 10 am, Eastern Time, on May 5, 2022, at the offices of Skadden, Arps, Slate, Meagher & Flom LLP located at 525 University Ave, Palo Alto, CA 94301, or virtually via live webcast at https://www.cstproxy.com/acev/sm2022at which ACE’s shareholders will be asked to consider and vote upon proposals to approve the Business Combination and related matters. Shareholders of record as of April 13, 2022 (the “Record Date”), are eligible to attend and vote at the Meeting.
The Business Combination is expected to close shortly after the Meeting, subject to shareholder approvals and the satisfaction or waiver of the conditions in the agreement and plan of merger and other customary closing conditions. Upon closing of the Business Combination, the post-closing company will be renamed “Tempo Automation Holdings, Inc.” and its common stock and warrants are expected to trade on The Nasdaq Stock Market, LLC (“Nasdaq”) under the ticker symbols “TMPO” and “TMPOW”, respectively.
ACE has filed a definitive proxy statement/prospectus relating to the Meeting with the SEC and will mail the definitive proxy statement/prospectus to shareholders of record as of the Record Date. ACE shareholders who have any questions or need assistance voting their shares may contact ACE’s proxy solicitor, Morrow Sodali LLC, by calling (800) 662-5200 (or banks and brokers can call collect at (203) 658-9400) or by emailing ACEV.info@investor.morrowsodali.com.
Every shareholder’s vote is important, regardless of the number of shares held. Shareholders that hold shares in “street name” (ie, those shareholders whose shares are held of record by a broker, bank or other nominee) should contact their broker, bank or nominee to ensure that their shares are properly voted.
About ACE Convergence Acquisition Corp.
ACE Convergence Acquisition Corp. (NASDAQ:ACEV) is a special purpose acquisition company focusing on industrial and enterprise IT and semiconductors. For more information, please visit http://acev.io/.
About Tempo Automation
Tempo Automation is a leading software-accelerated electronics manufacturer, transforming the way top companies innovate and bring new products to market. Tempo’s unique automated manufacturing platform optimizes the complex process of printed circuit board manufacturing to deliver unmatched quality, speed and agility. The platform’s all -digital process automation, data-driven intelligence, and connected smart factory create a distinctive competitive advantage for customers—to deliver tomorrow’s products today. From rockets to robots, autonomous cars to drones, many of the fastest-moving companies in industrial tech, medical technology, space, and other industries partner with Tempo to accelerate innovation and set a new tempo for progress. Learn more at https://www.tempoautomation.com.
Additional Information and Where to Find It
Additional information about the proposed transaction (the “Tempo Transaction”) between Tempo Automation, Inc. (collectively with its subsidiaries and pro forma for its acquisition of Compass AC Holdings, Inc. and Whizz Systems, Inc., “Tempo”) and ACE , including a copy of the merger agreement and investor presentation, was provided in a Current Report on Form 8-K filed by ACE with the US Securities and Exchange Commission (the “SEC”) on October 14, 2021, and is available at . ..
Full story available on Benzinga.com
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