ACE Convergence Acquisition Corp (ACEVU)

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About ACE Convergence Acquisition Corp

ACE Convergence Acquisition Corp. focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company was founded in 2020 and is based in Wilmington, Delaware. Address: 1013 Centre Road, Wilmington, DE, United States, 19805

ACE Convergence Acquisition Corp News and around…

Latest news about ACE Convergence Acquisition Corp (ACEVU) common stock and company :

Moore Kuehn Encourages ACEV, ADER, UMPQ, and KOR Investors to Contact Law Firm
19 Oct, 2021 Yahoo! Finance

NEW YORK, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies: ACE Convergence Acquisition Corp. (NASDAQ: ACEV) ACE has agreed to merge with Tempo Automation.

The Funded: Reliable Robotics, which is developing pilotless cargo planes, landed $100M to point it toward commercialization
15 Oct, 2021 Yahoo! Finance

Led by a former engineer at SpaceX and Tesla, Reliable Robotics has already done a 200-mile test flight. Here's more on its new funding round and those of other Bay Area startups.

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of ACE Convergence Acquisition Corp. (Nasdaq - ACEV)
15 Oct, 2021 Yahoo! Finance

BALA CYNWYD, PA / ACCESSWIRE / October 15, 2021 / Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of ACE Convergence Acquisition Corp. ("ACE" or the "Company") (NASDAQ:ACEV) for possible breaches of fiduciary duty and other violations of federal and state law in connection with an agreement pursuant to which ACE, a special purpose acquisition company, will combine with Tempo Automation, Inc.

Tempo Automation Inc., a Leading Software-Accelerated Electronics Manufacturer, Set to Go Public Through Merger with ACE Convergence Acquisition Corp.
14 Oct, 2021 Yahoo! Finance

SAN FRANCISCO, October 14, 2021--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, announced today that they have entered into a definitive merger agreement. Upon closing of the transaction, the combined operating entity will be renamed "Tempo Automation Holdings, Inc." and shares of its common stock are expected to

Achronix And ACE Convergence Acquisition Corp Mutually Agree To Terminate Merger Agreement
12 Jul, 2021 Yahoo! Finance

Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, and ACE Convergence Acquisition Corp. (ACE) (Nasdaq: ACEV), a special-purpose acquisition company focused on the Industrial and Information Technology sectors, today announced that both companies have mutually agreed to terminate their merger agreement ("Agreement"), effective immediately.

Achronix to Present at Upcoming Investor Conferences
13 May, 2021 Yahoo! Finance

Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, today announced that President and CEO, Robert Blake, and CFO, Mark Voll, will participate at the following upcoming virtual conferences:

Achronix to Participate in Oppenheimer Emerging Growth Conference on May 12, 2021
06 May, 2021 Yahoo! Finance

Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, today announced that President and CEO, Robert Blake, and CFO, Mark Voll, will participate in the Oppenheimer 6th Annual Emerging Growth Conference on Wednesday, May 12, 2021, which will be held as a virtual event. Management will be available to meet with investors and analysts throughout the day.

ACE Convergence Acquisition Corp. Announces Response to Recent SEC Guidance Applicable to Warrants Issued by Special Purpose Acquisition Companies
06 May, 2021 Yahoo! Finance

ACE Convergence Acquisition Corp. (Nasdaq: ACEV) ("ACE" or the "Company") is announcing that as a result of recent guidance issued by the Securities and Exchange Commission (the "SEC") regarding the accounting and reporting of warrants issued by special purpose acquisition companies (the "SEC Statement"), it has restated its previously issued financial statements included in the Form 10-K for the year ended December 31, 2020 (the "Restatement") to change the accounting treatment of its public and private placement warrants (collectively, the "Warrants").

Achronix Announces First Quarter 2021 Financial Results and Business Highlights
04 May, 2021 Yahoo! Finance

Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, today announced financial results for the first quarter of 2021, ending March 31, 2021.

Achronix and Napatech Partner to Target Data Center Networking
27 Apr, 2021 Yahoo! Finance

Achronix Semiconductor Corporation, a leader in high-performance FPGAs and embedded FPGA (eFPGA) IP, and Napatech, the leading provider of FPGA-based SmartNICs, today announced a partnership to deliver a new class of high-speed, programmable, FPGA-based SmartNICs to datacenter network operators.

Achronix Now Shipping Industry's Highest Performance Speedster7t FPGA Devices
08 Apr, 2021 Yahoo! Finance

Achronix Semiconductor Corporation, a leader in high-performance FPGAs and embedded FPGA (eFPGA) IP, today announced that it has begun shipping its 7nm Speedster®7t AC7t1500 FPGAs to customers ahead of schedule. The Speedster7t family is purpose-built for high bandwidth workloads in a broad range of applications including AI/ML, 5G infrastructure, networking, computational storage, test and measurement, where Speedster7t FPGAs eliminate critical performance bottlenecks associated with traditional FPGAs.

Churchill Capital Corp. IV Has Actually Made Investors Proud
26 Mar, 2021 Yahoo! Finance

Churchill Capital Corp. IV (NYSE:CCIV) has taken it on the chin in the past week. CCIV stock is down about 13% on news the special purpose acquisition company (SPAC) had not had any contact with its tentative merger partner, Lucid Motors, until after an article appeared in Bloomberg on Jan. 11 that suggested they were already in talks. Source: Dmitry Demidovich/ShutterStock.com In the big picture, it really shouldn’t matter when a marriage is first hatched, only that it’s a happy one. Investors, being a persnickety sort, chose to punish the stock for the lack of clarity. Personally, if you’ve got a beef, it ought to be with the publication, but I digress. All that should really matter is whether Lucid is going to deliver the goods or not.InvestorPlace - Stock Market News, Stock Advice & Trading Tips SPACs Have a Lot of Explaining to Do In recent weeks I’ve become less enamored with SPACs, noting that very few of them actually perform post-merger over the long haul. Sure, they pop when the announcement of a combination is made, but they can’t hold a candle to the long-term performance of traditional initial public offerings (IPOs). Renaissance Capital looked at the 813 SPAC IPOs from January 2015 through September 2020. Of those, 93 had completed a combination. The median return of the 93 SPACs post-merger was -29.1%. The average after-market return of traditional IPOs was 47.1%. 7 Value Stocks Everyone Is Ignoring So, let’s consider how CCIV stock has performed compared to some of its SPAC peers from July 2020. Maybe it’s not doing badly at all. CCIV Stock Is Up 135% Since IPO Churchill Capital Corp. IV sold 207 million units on July 30, 2020, at the traditional $10 per share offering price. This includes the 15% over-allotment for underwriters. So, I’m interested in SPACs that IPO’d around the same time, give or take a week or two. A glaringly obvious choice is Pershing Square Tontine Holdings (NYSE:PSTH). It sold 200 million units at $20 on July 21, 2020. As you’re probably aware, Bill Ackman has yet to announce a merger candidate, although he did say he hopes to announce any day now. PSTH stock has gained about 12%, far less than CCIV over the same period. Granted, the identification of a target often puts the SPAC price into the stratosphere. In Churchill Capital’s case, the opposite happened. It drifted up to almost $65 on the January rumor planted by Bloomberg, only to lose two-thirds of its value from its high on the actual announcement. On July 24, 2020, Property Solutions Acquisition Corp. (NASDAQ:PSAC) sold 200 million units at $10 apiece. The underwriters exercised their over-allotment for an additional 2.98 million units. PSAC announced on Jan.28 that it would merge with electric vehicle (EV) manufacturer Faraday & Future Inc. in a deal valuing the combined entity at $3.4 billion. PSAC stock gained 22% on the news. After hitting a 52-week high of $20.75 on Feb. 1, it’s since lost 44% of its value from the high and is up 19.2% from its July 2002 IPO. On July 27, 2020, ACE Convergence Acquisition Corp. (NASDAQ:ACEV) sold 20 million units at $10. The underwriters exercised their over-allotment of three million units. On Jan. 7, ACEV announced it would combine with Achronix, a fabless semiconductor company based in Santa Clara, California. Its acceleration solutions are used for artificial intelligence, machine learning, and other computer-intensive applications. The combined entity is valued at $2.1 billion post-merger based on 2020 revenue of $105 million, a backlog of $160 million, cash of up $330 million, 79% gross margins, operating margins of 35%, and estimated revenue growth of 20%-25% annually through 2025. The company has all of this going for it, and ACEV shares are trading below their offering price. Go figure. I Could Go On There are more examples I could trot out to demonstrate how CCIV’s performance stacks up against its July 2020 peers, but I think you get the picture. SPAC investing isn’t a slam dunk. In late February, I suggested that Churchill Capital’s stock was getting the smackdown it deserved after the merger announcement with Lucid. I just had an issue with a stock trading at 135 times its projected 2025 free cash flow (FCF). At the time, it was trading at $30. Today, at $23.16, it’s still trading around 101 times the estimated 2025 FCF, based on an enterprise value of $32.68 billion (1.6 billion shares outstanding post-merger and $4.6 billion in cash) and an estimated $321 million in 2025 FCF. So, the fact that its shares are still up more than double what they were last July in its IPO, I’d say CCIV is doing well against the class of July 2020. That doesn’t mean I’d buy it by any means, but if you bought in the IPO, you shouldn’t be disappointed with the return on investment. On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post Churchill Capital Corp. IV Has Actually Made Investors Proud appeared first on InvestorPlace.

Achronix CEO Robert Blake On Going Public, Opportunities Ahead
16 Mar, 2021 Yahoo! Finance

Achronix CEO Robert Blake By Jarrett Banks As the only independent, high-end FPGA semiconductor company that offers both high-end standalone FPGAs along with eFPGA IP technology, Achronix is uniquely positioned to address the needs of high-performance applications that require programmable hardware accelerators, including those used in AI/ML, cloud computing, 5G, networking and automotive driver assistance. […]

10 Millionth Achronix Speedcore eFPGA IP Core Shipped
09 Mar, 2021 Yahoo! Finance

Achronix announces today that 10 million Speedcore™ eFPGA IP cores have shipped in customers' ASICs. Achronix is the only high-performance FPGA supplier to offer both high-performance standalone FPGAs and eFPGA IP. Speedcore eFPGA IP is optimized for applications in 5G wireless infrastructure, networking, computational storage and automotive driver assistance systems.

Achronix and Mobiveil Announce Partnership to Deliver High-Speed Controller IP and FPGA Engineering Services
02 Mar, 2021 Yahoo! Finance

Achronix Semiconductor Corporation, a leader in high-performance FPGAs and embedded FPGA (eFPGA) IP, and Mobiveil, a fast–growing technology company specializing in development of silicon intellectual property (SIP), platforms and solutions for storage, networking, AI and enterprise markets, announced today a partnership to offer Mobiveil's soft IP portfolio to designers targeting Achronix devices.

Achronix Announces 2020 Financial Results and Business Highlights
23 Feb, 2021 Yahoo! Finance

Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP today announced financial results for the year ended December 31, 2020, reporting revenue of $104.9 million and GAAP net income of $30.4 million and adjusted EBIT (non-GAAP) of $37.4 million.

Achronix and Logic Fruit Introduce IP Solutions for Test and Measurement Applications
18 Feb, 2021 Yahoo! Finance

Achronix Semiconductor Corporation, a leader in high-performance FPGAs and embedded FPGA (eFPGA) IP, and Logic Fruit, an R&D house focused on test and measurement (T&M) applications, announced today a partnership to provide optimized T&M IP solutions for the Speedster®7t FPGA devices.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of ACE Convergence Acquisition Corp. - ACEV
13 Feb, 2021 Yahoo! Finance

Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating ACE Convergence Acquisition Corp. ("ACEV" or the "Company") (ACEV) relating to its proposed merger with Achronix Semiconductor Corp. Under the terms of the agreement, ACEV will acquire Achronix through a reverse merger, with Achronix emerging as a publicly traded company.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Reminds Investors of Investigations of LCY, ACEV, CRSA, and MDCA Mergers
12 Feb, 2021 Yahoo! Finance

WILMINGTON, Del., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating: Landcadia Holdings III, Inc. (NASDAQ GS: LCY) regarding possible breaches of fiduciary duties and other violations of law related to Landcadia’s agreement to merge with HMAN Group Holdings Inc. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-landcadia-holdings-iii-inc. ACE Convergence Acquisition Corp. (NASDAQ GS: ACEV) regarding possible breaches of fiduciary duties and other violations of law related to ACE’s agreement to merge with Achronix Semiconductor Corporation. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-ace-convergence-acquisition-corp. Crescent Acquisition Corp (NASDAQ CM: CRSA) regarding possible breaches of fiduciary duties and other violations of law related to Crescent Acquisition’s agreement to merge with LiveVox Holdings, Inc. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-crescent-acquisition-corp. MDC Partners Inc. (NASDAQ GS: MDCA) regarding possible breaches of fiduciary duties and other violations of law related to MDC Partners’ agreement to merge with Stagwell Media LP. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-mdc-partners-inc. You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or info@rl-legal.com. Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide. Attorney advertising. Prior results do not guarantee a similar outcome. CONTACT: Rigrodsky Law, P.A.Seth D. RigrodskyGina M. Serra(888) 969-4242 (Toll Free)(302) 295-5310Fax: (302) 654-7530info@rl-legal.com https://rl-legal.com

SHAREHOLDER ALERT: WeissLaw LLP Reminds ACEV, DMYD, EXPC, and GIK Shareholders About Its Ongoing Investigations
08 Feb, 2021 Yahoo! Finance

If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact:

ACE Convergence Acquisition Corp (ACEVU) is a NASDAQ Common Stock listed in , ,

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