ACE Convergence Acquisition Corp.

ACE Convergence Acquisition Corp.

ACE Convergence Acquisition Corp.

Overview
Headquarters

1013 Centre Road, Suite 403S, Wilmington, DE, 19805, USA

Type of Company

Public

Employees (Worldwide)

4

Industries

Investment Services & Portfolio Management

Company Description

ACE Convergence Acquisition Corp. is a blank check company, established for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company was founded by Behrooz L. Abdi, Kai-Yeung Siu and Tik Yang Tse on March 31, 2020 and is headquartered in Wilmington, DE.

Website
Executives & Employees

Chairman & Chief Executive Officer

President & Director

Secretary & Director

Board of Directors

Chairman & Chief Executive Officer at ACE Convergence Acquisition Corp.

Chief Financial Officer at Tempo Automation, Inc.

Former Chairman, President & Chief Executive Officer at Wind River Systems, Inc.

Head of Private Investments-Asia at Lockheed Martin Corporation

Director-Investments at Council on Foreign Relations

Former Vice President & General Manager, Processing Solutions Group at Xilinx, Inc.

President & Director at ACE Convergence Acquisition Corp.

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ACE Convergence Acquisition Corp.
Owners & Shareholders
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DSAM London operates a European long/short equity strategy, with a focus on short term trading ideas and long term fundamental conviction investing in global equities. The firm’s investment process is optimized using derivative instruments with the goal or maximizing risk/reward and is combined with an inherent protection/hedge against significant market corrections.

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MMAM serves as the Portfolio Advisor of MMCAP Canadian Fund – an opportunistic multi-strategy fund that utilizes a broad range of strategies, including special situations, merger arbitrage, corporate restructurings, short selling, long-short equity, convertible arbitrage and pairs trading. The Fund aims to provide investors with long-term capital appreciation through long and short investments in equity, debt and derivative securities of businesses located anywhere in the world across diversified industry sectors including industrial/industrial technology, consumer/retail, healthcare, diversified services and special situations.

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CCA’s investment strategies primarily include convertible arbitrage, relative value, capital structure arbitrage, and other credit related strategies and equity-option related strategies. When implementing these strategies, the firm seeks to construct a diversified portfolio of convertible securities, high-yield corporate bonds, derivatives, corporate debt, bank debt, bank loans, distressed loans and claims, leveraged loans, equity securities and other securities both on US and non-US exchanges. Their capital structure arbitrage strategy involves buying long and selling short different classes of securities of the same issuer in anticipation of profiting from a relative mispricing among them.

Recent Transactions
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ACE Convergence Acquisition Corp. purchases Achronix Semiconductor Corp.

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ACE Convergence Acquisition Corp. issued USD Units Consisting of Common Stock and Warrants

Transaction Advisors
Underwriter

Advised onACE Convergence Acquisition Corp. issued USD Units Consisting of Common Stock and Warrants

Legal Advisor

Advised onACE Convergence Acquisition Corp. issued USD Units Consisting of Common Stock and Warrants

Legal Advisor

Advised onACE Convergence Acquisition Corp. issued USD Units Consisting of Common Stock and Warrants

Legal Advisor

Advised onACE Convergence Acquisition Corp. issued USD Units Consisting of Common Stock and Warrants

Legal Advisor

Advised onACE Convergence Acquisition Corp. purchases Achronix Semiconductor Corp.

Global Chief Operating Officer

Advised onACE Convergence Acquisition Corp. issued USD Units Consisting of Common Stock and Warrants

Key Stats and Financials As of 2020
Market Capitalization
$286M
Total Enterprise Value
$293M
Earnings Per Share
$-0.32
Revenue
$0
Net Profit
$-9.19M
EBITDA
$-1.13M
Total Debt
$0
Total Equity
$197M
TEVNet Income
-31.89x
Debt TEV
0x
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