ACE Convergence Acquisition Corp.
ACEVW
NASDAQ Capital Market0.17
USD
+0.02
- -
CIK
0001813658
Return %
Stock
S&P500
1Y
-61.39
18.21
3Y
-80.01
63.29
5Y
-80.01
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001813658
- Similar Companies
- Business
- ACE Convergence Acquisition Corp. is a special-purpose acquisition company (SPAC) primarily engaged in identifying and merging with private businesses to accelerate their transition to public markets. Founded in the late 1990s, the company operates in the financial and investment sector with a focus on business combinations in technology-driven industries. The company is headquartered in the United States, trading under the Nasdaq ticker ACEV or ACEVW for its units and warrants. The core business of ACE Convergence Acquisition Corp. historically focused on acquiring and merging with target companies in sectors such as semiconductors, electronics manufacturing, and technology hardware. Notably, the company completed a significant business combination with Achronix Semiconductor Corporation, a supplier of high-performance field-programmable gate arrays (FPGAs) and embedded FPGA IP, positioning the combined entity for growth in AI, cloud computing, 5G, networking, and automotive applications. This merger elevated ACE's operational focus into semiconductor solutions and data acceleration technologies with products including Achronix's Speedster and Speedcore platforms. Most recently, ACE Convergence Acquisition Corp. completed a major strategic merger with Tempo Automation, Inc., an electronics manufacturer specializing in software-accelerated prototype and on-demand manufacturing services. Following the 2022 merger, the combined company rebranded as Tempo Automation Holdings, Inc. and trades on Nasdaq under new symbols. This transition marks a strategic expansion into advanced electronics manufacturing services, focusing on rapid, software-driven production solutions for electronics prototyping and small-batch orders, targeting markets including defense, aerospace, and industrial sectors. Through these recent mergers and business combinations within the last two years, ACE Convergence Acquisition Corp. has shifted from a blank check SPAC to an operating company with substantial engagement in high-tech manufacturing and semiconductor markets. The company's activities now emphasize scalable manufacturing solutions and innovative semiconductor products, supported by strategic capital raises and endorsements from institutional investors across North America.