Tempo automation secures $7.0m convertible promissory note facility strengthening financial position and providing capital for optimum acquisition

San francisco, june 21, 2023 (globe newswire) -- tempo automation holdings, inc. (nasdaq: tmpo, “tempo automation” or “tempo” or the “company”), a leading software-accelerated electronics manufacturer, today announced the successful execution of a $7.0 million unsecured subordinated convertible promissory note (the “convertible promissory note”) with asia-io advanced manufacturing partners, l.p. (“asia-io”), a cross-border private equity fund specializing in advanced manufacturing and industrial technology opportunities.
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