Sunny Siu - Jan 26, 2022 Form 3 Insider Report for ACE Convergence Acquisition Corp. (TMPO)

Role
10%+ Owner
Signature
/s/ Sunny Siu
Stock symbol
TMPO
Transactions as of
Jan 26, 2022
Transactions value $
$0
Form type
3
Date filed
1/27/2022, 04:00 PM
Next filing
Nov 25, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TMPO Class B ordinary shares Jan 26, 2022 Class A ordinary shares 1.68M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's Registration Statement on Form S-1, as amended (File No. 333-239716) (the "Form S-1") under the heading "Description of Securities--Founder Shares", the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer ("Class A Ordinary Shares") at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, rights issuances, consolidations, reorganizations, recapitalizations and the like and certain anti-dilution rights, and have no expiration date.

Remarks:

In connection with the vote of the issuer's shareholders on January 21, 2022, to extend the date by which the issuer must complete an initial business combination, certain shareholders elected to redeem an aggregate of 14,797,723 Class A Ordinary Shares. As a result of such redemptions, the reporting person became a 10% beneficial owner.