Tempo automation, inc. secures $200 million convertible note financing led by oaktree

San francisco--(business wire)--tempo automation, (“tempo” or the “company”), a leading software-accelerated electronics manufacturer, and ace convergence acquisition corp. (“ace”) (nasdaq: acev), a special purpose acquisition company, announced today that the company has secured an aggregate principle amount of $200 million from the issuance of 13.00% (per annum payable semi-annually, 8.00% in cash plus 5.00% in kind) convertible senior notes due in 2025 (the “notes”). the $200 million aggrega
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