Omid Tahernia - Nov 22, 2022 Form 4 Insider Report for Tempo Automation Holdings, Inc. (TMPO)

Role
Director
Signature
/s/ Denis Tse, as attorney-in-fact
Stock symbol
TMPO
Transactions as of
Nov 22, 2022
Transactions value $
$0
Form type
4
Date filed
11/25/2022, 07:15 PM
Next filing
Jan 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMPO Common Stock Options Exercise +35K 35K Nov 22, 2022 Direct F1

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
transaction TMPO Class B ordinary shares Options Exercise -35K -100% 0 Nov 22, 2022 Common Stock 35K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 22, 2022, pursuant to that certain Amended and Restated Agreement and Plan of Merger, dated as of August 12, 2022, as amended, entered into by and among ACE Convergence Acquisition Corp. (the "Issuer"), ACE Convergence Subsidiary Corp., a wholly owned subsidiary of the Issuer ("Merger Sub"), and Tempo Automation, Inc. ("Tempo"), Merger Sub merged with and into Tempo, with Tempo as the surviving corporation and a wholly owned subsidiary of the Issuer (the "Business Combination"). After the closing of the Business Combination, the Issuer changed its name to "Tempo Automation Holdings, Inc." In connection with the Business Combination, the Issuer domesticated as a Delaware corporation, and the Reporting Person's Class B ordinary shares of the Issuer, which were previously convertible into Class A ordinary shares of the Issuer, converted into shares of common stock of the Issuer simultaneously with the closing of the Business Combination.