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Tempo Automation,ACE Conversion收购获得由橡树资本牵头的2亿美元融资

2022-01-19 17:30

04:26 AM EST, 01/19/2022 (MT Newswires) -- ACE Convergence Acquisition (ACEV) and Tempo Automation said Wednesday the latter has secured a $200 million financing from the issuance of 13.00% convertible senior notes due 2025.

The latest financing consists of a $175 million investment from funds managed by Oaktree Capital Management and $25 million from an investment partner of ACE Convergence. It will help back the merger of the two companies, which was announced last October, and is expected to close in Q1 or Q2 2022.

Price: 9.93, Change: -0.04, Percent Change: -0.4

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