Achronix Semiconductor Corp. is in talks to go public through a merger with the blank-check company ACE Convergence Acquisition Corp., according to people with knowledge of the matter. Gross margin expanded to 78%, compared to 74% in the prior year’s quarter. SPAC, ACE Convergence Acquisition (NASDAQ: ACEVU) inks agreement to merge with Achronix Semiconductor, and that the combined entity will continue as publicly listed company. The transaction reflects an implied equity value of the combined company of $2.1B, with a $10.00/share PIPE financing subscription price. The Speedster7t FPGA family is optimized for high-bandwidth workloads and eliminates the performance bottlenecks associated with traditional FPGAs. Learn More The ACE Convergence Acquisition SPAC (ACEV) is taking chipmaker Achronix public in a deal valued at $2.1 billion. The SPAC transaction could close at any moment. NEW YORK and LONDON, Jan. 12, 2021 /PRNewswire/ -- New Science Ventures LLC ("NSV"), a leading venture capital firm focused on building companies that leverage breakthrough science to … DD: ACEV (Achronix) is a STRONG Buy! ACE Convergence Acquisition Corp. does not have significant operations. Under the terms of the merger agreement, ACEV will acquire Achronix through a reverse merger that will result in Achronix becoming a … ... plans or forecasts of future events and views as of the date of this Presentation. About Achronix Semiconductor Corporation About ACEV. Exclusive: Achronix, Ace Convergence CEOs Talk SPAC Deal: 'A Broad Range Of Applications'. Date. Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, and ACE Convergence Acquisition Corp. (ACE) (Nasdaq: ACEV), a special-purpose acquisition company, today announced that they have entered into a definitive agreement for a business combination that would result in the combined entity continuing as … ACE and Target anticipate ... merger 1 2 / /. Achronix to List on Nasdaq Through Merger with ACE Convergence: 2021-01-07: Achronix to List on Nasdaq Through Merger with ACE Convergence: 2020-09-16: ACE Convergence Acquisition Corp. ... in connection with the company's proposed merger with Achronix Semiconductor Corporation ("Achronix"). Frost and Sullivan selected Achronix as the winner of their 2020 New Product Innovation award. January 11, 2021. To listen to the conference call via telephone dial 1 … In January 2021, Achronix announced its entry into a definitive business combination agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV). January 11, 2021. In January 2021, Achronix entered into a definitive merger agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) in a transaction that would result in Achronix being listed on Nasdaq. PO Box 122 Syosset, NY 11791 (516) 876-8006 [email protected] SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of ACE Convergence Acquisition Corp. (Nasdaq – ACEV) BALA CYNWYD – January 7, 2021 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of ACE Convergence Acquisition Corp. (“Ace” or the “Company”) (Nasdaq […] 3 Big Stories to Catch Up … Date of Report (Date of earliest event reported): May 4, 2021 . Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, and ACE Convergence Acquisition Corp. (ACE) (Nasdaq: ACEV), a special-purpose acquisition company, today announced that they have entered into a definitive agreement for a business combination that would result in the combined entity continuing as … 2021-01-07 16:41 ET - News Release. In January 2021, Achronix entered into a definitive merger agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) in a transaction that would result in Achronix being listed on Nasdaq. In January 2021, Achronix entered into a definitive merger agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) in a transaction that would result in Achronix being listed on Nasdaq. Under the terms of the merger agreement, ACEV will acquire Achronix through a reverse merger that will result in Achronix becoming a publicly listed company. 16:00 EDT ACEV Stock Quote Delayed 30 Minutes Top SPAC Merger News This Week: SoFi, Clover Health, Lion Electric and 6 More Hot SPACs By … 2/1/2021 7:27:13 PM. “Achronix”) and ACE Convergence Acquisition Corp. (“ACE”) and related transactions (the “Potential Business Combination”) and for no other purpose. Its chairman and CEO, Behrooz Abdi, previously worked at Qualcomm and NetLogic, which Broadcom acquired for $3.7 billion in 2012. Achronix and Logic Fruit Introduce IP Solutions for Test and Measurement Applications PR Newswire 02/18 11:03 ET SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of ACE Convergence Acquisition Corp. - ACEV SANTA CLARA, Calif.-- ( BUSINESS WIRE )--Achronix Semiconductor Corporation, a … In January 2021, Achronix announced its entry into a definitive business combination agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV). On 3/22/2021 the company announced a pending merger with VELO3D, Inc., a leader in additive manufacturing (AM) for high value metal parts. Achronix has a global footprint, with sales and design teams across the U.S., Europe and Asia. Achronix may just be the next player up after Altera's acquisition … In depth view into ACEV (ACE Convergence Acquisition) stock including the latest price, news, dividend history, earnings information and financials. Achronix and ACE will host a joint investor conference call to discuss the proposed transaction today, January 7, 2021 at 4:30 p.m. 6 Things to Know About the Semiconductor Play Ahead of Any ACE Deal Jan. 6, 2021 at 12:22 p.m. Achronix is the only independent, high-end FPGA semiconductor company that offers both high-end standalone FPGAs along with eFPGA IP technology. The week may be winding down, but it seems like SPAC merger news continues to heat up. Speedcore embedded FPGA (eFPGA) IP has brought the power and flexibility of programmable logic to ASICs and SoCs. ACE Convergence Acquisition Corp NASDAQ Updated Jun 11, 2021 9:39 PM. AMD released in October 2020 that it would be acquiring Xilinx at an EV of $35B. May 13, 2021 08:00 AM Eastern Daylight Time. In January 2021, Achronix announced its entry into a definitive business combination agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV). Customers can integrate a Speedcore eFPGA into an SoC for high-performance, compute-intensive and real-time processing applications such as AI, machine learning, 5G wireless, networking and automotive. 1013 Centre Road, Suite 403S Wilmington, DE 19805 Telephone: (302) 633-2102 January 7, 2021 - 4:41 pm. In January 2021, Achronix entered into a definitive merger agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) in a transaction that would result in Achronix being listed on Nasdaq. Jan. 7, 2021, Santa Clara, CA – Achronix Semiconductor Corporation, maker of high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, and ACE Convergence Acquisition Corp. (ACE) (Nasdaq: ACEV), a special-purpose acquisition company, today announced that they have entered into a definitive agreement for a business combination that would … With Robert Blake as CEO, we have built a diverse and robust business with a pipeline of over $1.1 billion. The $155 million PIPE will own 7%. New York (NY, US), London (UK), January 12, 2021 – New Science Ventures LLC (“NSV”), a leading venture capital firm focused on building companies that leverage breakthrough science to create extraordinary value, today announces the merger of its portfolio company, Achronix Semiconductor Corporation (“Achronix”), with ACE Convergence Acquisition Corp. NSV is a founding … The week may be winding down, but it seems like SPAC merger news continues to heat up. Achronix is now in the most exciting time in our company’s history, our acceleration phase. The company can be reached via phone at 302-633-2102 or via email at info@acev… Santa Clara-based Achronix Semiconductor Corp. is discussing a potential merger with special purpose acquisition company ACE Convergence Acquisition Corp (NASDAQ:ACEV), reports Bloomberg.. What Happened: The blank check company has initiated talks with investors to raise capital for the acquisition, people familiar with the matter told the newswire. . S-1 Filing Date… Quarterly. Indie Semiconductor expects to debut on the public market in the first quarter of 2021. January 6, 2021. SAN JOSE, Calif., March 23, 2021 /PRNewswire/ -- Movellus, Inc. today announced that Achronix, a leader in high-performance FPGAs and embedded FPGA (eFPGA) IP, has adopted Movellus' Maestro intelligent clocking solution for its Speedster®7t FPGAs. Achronix to List on Nasdaq Through Merger With ACE Convergence. Achronix in talks to IPO By David Manners, ElectronicsWeekly (January 6, 2021) Achronix, the FPGA and eFPGA specialist, is in talks about going public, reports Bloomberg. Under the terms of the merger agreement, ACEV … Merger Prospectus - 425. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. View today's stock price, news and analysis for ACE Convergence Acquisition Corp. Cl A (ACEV). California-based fabless chip company Achronix Semiconductor announced in early January a reverse merger agreement with the … Jan 7 (Reuters) - Achronix Semiconductor Corp said on Thursday it has agreed to go public through a merger with blank-check firm ACE Convergence Acquisition Corp ACEV… ET. Video Published Date. In January 2021, Achronix entered into a definitive merger agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) in a transaction that would result in Achronix being listed on Nasdaq. Achronix and ACE will host a joint investor conference call to discuss the proposed transaction today, January 7, 2021 at 4:30 p.m. ACE Convergence Acquisition Corp. (ACEV) relating to its proposed merger with Achronix Semiconductor Corp.Under the terms of the agreement, ACEV will acquire Achronix through a reverse merger, with Achronix emerging as a publicly traded company. The transaction reflects an implied equity value of the combined company of $2.1 billion . Achronix Semiconductor is reportedly considering a merger with special purpose acquisition company (SPAC) ACE Convergence Acquisition (NASDAQ: ACEV) that will take it … Achronix to List on Nasdaq Through Merger with ACE Convergence. With Robert Blake as CEO, we have built a diverse and robust business with a pipeline of over $1.1 billion. Business combination with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) positions Achronix to capitalize on non-cancellable backlog in excess of $160 million and over $1.1 billion in identified pipeline opportunities driven by Speedster and Speedcore products In January 2021, Achronix announced its entry into a definitive business combination agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV). Achronix Semiconductor Corp said on Thursday it has agreed to go public through a merger with blank-check firm ACE Convergence Acquisition Corp … Target Announced. DD (New Claims/Info) The SPAC ACEV had announced its merger with semiconductor company Achronix earlier , but surprisingly after a small momentum the stock is back where it started. Achronix to Present at Upcoming Investor Conferences. ACEV 10.30 0.06 (0.59%). Assuming no redemptions, the SPAC shareholders will own 21% of the company. Feb. 17, 2021, 04:31 PM. Achronix and ACE will host a joint investor conference call to discuss the proposed transaction today, January 7, 2021 at 4:30 p.m. ACEV merger with Achronix coming in March. Date. Filed by ACE Convergence Acquisition Corp. pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: ACE Convergence Acquisition Corp. The transaction is expected to close in the first half of 2021. Achronix is now in the most exciting time in our company’s history, our acceleration phase. In January 2021, Achronix entered into a definitive merger agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) in a transaction that would result in Achronix being listed on Nasdaq. ET. Date of Report (Date of earliest event reported): May 4, 2021 ... that may be instituted against Achronix or against ACE related to the Merger Agreement or … SANTA CLARA, Calif.-- (BUSINESS WIRE)--Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, and ACE Convergence Acquisitio... Achronix Semiconductor is reportedly considering a merger with SPAC ACE Convergence Acquisition (ACEV) that will take it public. Achronix Merges with ACE Convergence. Achronix has a global footprint, with sales and design teams across the U.S., Europe and Asia. Source: Shutterstock In fact, this week brought major moves in more than nine special purpose acquisition companies. SANTA CLARA, Calif., Jan. 11, 2021 — Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, and ACE Convergence Acquisition Corp. (ACE), a special-purpose acquisition company, have announced that … Achronix is the only independent supplier of high-performance FPGAs and eFPGA IP based data acceleration solutions used in high-growth applications including AI, cloud computing, 5G, networking and automotive driver assistance Highly differentiated financial profile with estimated 2020 revenues of approximately $105 million, 79% gross margins and 35% operating margins with … 1/7/2021 11:15:20 PM. date, this licensing business with TSMC has shipped 10 million cores, while our chip business has secured over $400 million in production orders. Achronix SPAC Merger? The Speedster7t FPGA family is optimized for high-bandwidth workloads and eliminates the performance bottlenecks associated with traditional FPGAs. To listen to the conference call via telephone dial 1-877-407-0789 (U.S. toll free) and 1-201-689-8562 (international callers) and enter the conference ID number 13714692. Dec. 29 2020, Published 9:52 a.m. Achronix specializes in high end computer processors (FPGA). However, I wouldn't be surprised if a bigger chip player acquires Achronix at a significantly higher valuation as well. Achronix IPO Achronix Semiconductor SPAC Merger With ACE Convergence Is a 5G and AI Gold Mine. Announces the Separate Trading of its Class A Ordinary Shares and Redeemable Warrants Commencing September 17, 2020: 2020-08-05: ACE CONVERGENCE ACQUISITION CORP. Watch Bezinga.com's "SPACs Attack Today" with executive interviews with Robert Blake, CEO of @AchronixCorp & … Acquisition Corp. (ACE) (Nasdaq: ACEV), a special-purpose acquisition company, today announced that they have entered into a definitive agreement for a business combination that would result in the … Achronix to Participate in Oppenheimer Emerging Growth Conference on May 12, 2021. ET. On January 7, 2021 ACE Convergence Acquisition Corporation and Achronix Semiconductor Corporation jointly announced that they have entered into a definitive merger agreement valued at approximately $2.1 billion. ACEV is currently in stage: 3. Status: Found Target Unit details: Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one- half of one redeemable warrant Target: Target Notes: Achronix Semiconductor Corporation is a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP. In January 2021, Achronix entered into a definitive merger agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) in a transaction that would result in Achronix being listed on Nasdaq. Post-Market 0.05 (0.49%) Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, and ACE Convergence (News - Alert). The ACEV stock will merge with Achronix, a company focused on FPGA chips. S-1 date: 2020-07-06 00:00:00. NEW YORK and LONDON, Jan. 12, 2021 /PRNewswire/ -- New Science Ventures LLC ("NSV"), a leading venture capital firm focused on building companies that leverage breakthrough science to create extraordinary value, today announces the merger of its portfolio company, Achronix Semiconductor Corporation ("Achronix"), with ACE Convergence Acquisition Corp. NSV is a founding investor in Achronix. Valuation is 67x estimated 2021 revenue of $26 million. date, this licensing business with TSMC has shipped 10 million cores, while our chip business has secured over $400 million in production orders. ET on InvestorPlace.com No Headlines Available 03/24/2021. The company was incorporated in 2020 and is based in Wilmington, Delaware. Achronix, a semiconductor company, is merging with Ace Convergence Acquisition (NASDAQ: ACEV ). What I like about Achronix is the limited competitors they have. 02/17/2021. Customers can integrate a Speedcore eFPGA into an SoC for high-performance, compute-intensive and real-time processing applications such as AI, machine learning, 5G wireless, networking and automotive. They aimed to close the transaction in the first … ACE Convergence Acquisition Corp. is listed on the stock exchange with the ticker / Symbol ACEV, ACEV SPAC all time high was $13,50 and the lowest price in the last 52 week was: , the current ACEV stock price is $9,97. Achronix and ACE Convergence Acquisition Corp., a special-purpose acquisition company (SPAC), announced that they have entered into a definitive agreement for a business combination. In January 2021, Achronix announced its entry into a definitive business combination agreement with ACE Convergence Acquisition Corp. (Nasdaq: ACEV). This is my interpretation of their fair value. To listen to the conference call via telephone dial 1 … For investors less familiar with thi The latest volume was: 66.524. The transaction is expected to close in the first half of 2021. The transaction is expected to close in the first half of 2021. Achronix captured revenues of over $100 MM in 2020, one of the most challenging years… Leonardo Mata February 24, 2021 Fintech , IPO , Stocks , Technology February 16, 2021 ACEV has an overall market cap of: $286.493.754. Achronix is a fabless semiconductor company based out of Santa Clara, Calif. GM and Ford have halted production because of the lack of chips. Achronix is the only independent supplier of high-performance FPGAs and eFPGA IP based data acceleration solutions used in high-growth applications including AI, cloud computing, 5G, networking and automotive driver assistance ET. Santa Clara-based Achronix Semiconductor Corp. is discussing a potential merger with special purpose acquisition company ACE Convergence Acquisition Corp (NASDAQ: ACEV… About Achronix Semiconductor Corporation Revenue increased to $29.9 million from $5.5 million in the first quarter of 2020. After the merger completes, the combined company will be called Achronix Semiconductor and it is expected to be listed under the ticker symbol ACHX. Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, and ACE Convergence Acquisition Corp. (ACE) (Nasdaq: ACEV), a special-purpose acquisition company, today announced that they have entered into a definitive agreement for a business combination that would … Achronix to list on Nasdaq via merger with ACE Convergence Jan. 08, 2021 2:51 AM ET ACE Convergence Acquisition Corp. Units (ACEVU) By: Mamta Mayani , SA News Editor 1 Comment Achronix Semiconductor Corporation (“Achronix”) is a fabless semiconductor corporation based in Santa Clara, California, offering high … ACEV and Achronix announced their merger agreement on Jan. 7, and the transaction is expected to close … ACE Convergence Acquisition's mailing address is 1013 CENTRE ROAD SUITE 403S, WILMINGTON DE, 19805. Achronix Semiconductor SPAC Merger With ACE Convergence Is a 5G and AI Gold Mine January 9, 2021 January 10, 2021 Michael Spencer What’s a semiconductor company implicated in AI, IoT, 5G and the future of chips? Speedcore embedded FPGA (eFPGA) IP has brought the power and flexibility of programmable logic to ASICs and SoCs. When is the ACEV-Achronix merger date? Achronix and ACE will host a joint investor conference call to discuss the proposed transaction today, January 7, 2021 at 4:30 p.m.
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