Achronix FPGA and eFPGA IP offerings are further enhanced by ready-to-use PCIe accelerator cards targeting AI, ML, networking and data center applications. That sounds like a NVIDIA acquisition target in the making. Achronix was originally self-funded by several million dollars of founder capital. 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. Speakers. View Event View All Events. Achronix recently announced a merger with SPAC ACE Convergence Acquisition at a $2.1 billion equity valuation. If semi companies are sexy to you, this SPAC to me is a really good deal. May 13, 2021 5:00 pm EDT . Fifth Wall Acquisition Corp. Renegotiating Deal Terms? SPAC listing Thunder Bridge Acquisition recently completed its business combination with Repay; relisted under the symbol RPAY. The remainder would be a mix of test and measurement, automotive and other. March 3, 2021 . The SPAC Deal: Indie Semiconductor is going public via the SPAC Thunder Bridge Acquisition II (NASDAQ: THBR). What I like about Achronix is the limited competitors they have. CF Finance Acquisition III today filed an S-4 registration outlining terms of its merger agreement with LiDAR designer AEye. The company is poised to grow at ~30% CAGR over the next 3 years. 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 … $40M. Achronix to List on NASDAQ Through Merger with ACE Convergence. The SPAC merger between Achronix and ACE Convergence Acquisition would value the combined company at $2 billion. March 17, 2021- On today’s podcast, we welcome special guest Robert Blake, CEO of Achronix, the only independent supplier of high-performance FPGAs used in high-growth applications including AI, cloud computing, 5G and autonomous vehicles. Achronix Semiconductor Corp said on Thursday it has agreed to go public through a merger with blank-check firm ACE Convergence Acquisition Corp … Date: Wednesday, May 19th Time: 1:00 … Take a look at the Achronix-Ace Investor Merger presentation. Virgin Galactic is a SPAC-funded, publicly traded company which had its IPO back in late 2019. Gross margin expanded to 78%, compared to 74% in the prior year’s quarter. 0000. Additional information about the business combination will be provided in a Current Report on Form 8-K to be filed by FinTech IV with the Securities and Exchange Commission (“SEC”) that will be available at www.sec.gov and will contain an investor presentation. Find the latest ACE Convergence Acquisition Cor (ACEV) stock discussions in Yahoo Finance's forum. Date: January 7, 2020. Achronix is a fabless semiconductor company based out of Santa Clara, Calif. Frost and Sullivan selected Achronix as the winner of their 2020 New Product Innovation award. Tim Donahue – CEO, Cerberus Telecom Nick Robinson – Co-Chief Investment Officer, Cerberus Telecom Michael Palmer – Co-Chief Investment Officer, Cerberus Telecom Romil Bahl – President & CEO, KORE Puneet Pamnani – CFO, KORE. Potential investors eyeing Achronix on the SPAC merger rumors should check out the following breakdown of the company. Achronix is a fabless semiconductor company based out of Santa Clara, Calif. The company was founded in 2004 and has a research and development facility in India. It is fascinating to see how Microsoft was using FPGA's back then and how they saw the benefits of this technology. 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. They only had 50G Ethernet at the time and now we are looking at 400 GB Ethernet. Latest Financial Results. The SPAC has not listed specific sectors it may target, saying in the filing it will leverage management's experience to find a suitable business… [NEW WEBINAR] New Block Floating Point Arithmetic Unit for processing AI/ML Workloads in #FPGA to be presented by Mike Fitton, our Senior Director of Strategy and Planning at Achronix. Achronix essentially spun the niche strategy on its head. Beneath the flashy SPAC of SoFi, there’s another one of note in the works. Our analysis of the Achronix Semiconductor company certainly highlights a bright future in store for both corporations. First Quarter 2021 Earnings Call . ... SPAC-u-loos January 28, 2021 28 Jan 2021. a SPAC (Special Purpose Acquisition Company)that IPO’d in March 2020 targeting a business within the information technology (IT) infrastructure software, or semiconductor sectors. Apex and AvePoint will also hold a conference call at 12:30 p.m. Eastern time on November 23, 2020 to discuss the Proposed Transactions. On December 18, 2020, the management of CareMax and DFHT held a presentation via webcast regarding the Business Combination (the “Webcast”). Fun facts: It marks the first time for a Korean PE firm to set up a SPAC on the Nasdaq to acquire a US-based company. It’s an achievement unmatched by any other FPGA company in the modern era. A Live Management Presentation and Q&A . Achronix to List on Nasdaq through Merger with ACE Convergence. The transaction is expected to close by the end of the 1H20. This presentation is confidential and may not be copied by, or disclosed or made available to, any person without the prior written consent of GS and Credit Suisse. In a presentation, the companies predicted Achronix would enjoy 30 percent CAGR revenue growth through to 2023 with a mix of sales by sector being 48 percent into the Data Center, and 34 percent into networking. Here is an interesting Microsoft presentation from November of 2016 that was referenced on page 13 of the Achronix investor presentation. indie Semiconductor is a company making SoCs for the Automotive industry. Achronix and ACE will host a joint investor conference call to discuss the proposed transaction today, January 7, 2021 at 4:30 p.m. Investor Presentation . I (NASDAQ:FWAA) has entered into a definitive agreement to combine with Smart Rent, a smart home technology platform for property managers and residents at an enterprise value of … A copy of the script for the call is furnished as Exhibit 99.3 hereto. Achronix Merges with ACE Convergence. Here is an interesting Microsoft presentation from November of 2016 that was referenced on page 13 of the Achronix investor presentation. View Presentation View All Presentations. Thursday, January 7, 2021 (Press Release) - 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 … They don't plan to f*** this up. To listen to the conference call via telephone dial 1 … SPAC sponsor Cantor Fitzgerald has… Delaware Reminds Fiduciaries of Unremitting Duties – Cooley M&A. Time: 4:30 PM EST. It is the latest of many SPAC … The SPAC’s CEO is Mark Stone, a senior managing director at The Gores Group, a private-equity firm whose founder, Alec Gores, is the SPAC’s chairman. Achronix Semiconductor/ACE NetRoadshow NetRoadshow with Robert Blake (CEO Achronix) and Behrooz Abdi (CEO Ace Convergence) – Video Presentation Achronix Semiconductor Corporation / ACE Merger Announcement Call. Achronix is now well past the “startup” stage (going on sixteen years now), is preparing for an IPO, and has a formidable presence directly in the largest and most valuable markets for Xilinx and Intel. Recent Event. Completed. These statements may be made directly in this Presentation. Quarter Ended March 31, … 6. News of a possible Achronix SPAC merger caught the interest of investors and ACEV stock is soaring as a result. Later Stage VC (Series C) 18-Mar-2011. Revenue increased to $29.9 million from $5.5 million in the first quarter of 2020. The SPAC last week announced it woul value the deal on a pre-merger basis at $1.52 billion, down from the $1.9 billion at the time of the merger announcement in February. 890 5th Avenue Partners SPAC Going Public January 8 2021 My Opinion On Sofi Going Public With SPAC Social Capital Hedosophia Holdings V IPOE Achronix Semiconductor Review Analysis Ace Convergence Acquisition Corp. ACEV Katapult Holding, Inc. (“Katapult”), an e-commerce focused financial technology company, and FinServ Acquisition Corp. (NASDAQ: FSRV) (“FinServ”), a special purpose acquisition company, today announced that they have entered into a definitive merger agreement. Achronix, a semiconductor company, is merging with Ace Convergence Acquisition (NASDAQ: ACEV). What I like about Achronix is the limited competitors they have. Other major FPGA suppliers include Intel Corp. and Xilinx Inc., which has a pending deal to be acquired by Advanced Micro Devices Inc. In Summary… The ACEV SPAC has certainly done its homework in regards to selecting an appropriate sector and a suitable business. The company was founded in 2004 and has a research and development facility in India. Cerberus Telecom Acquisition Corp. (CTAC) & KORE . Q1 2021. Insider knowledge of the upcoming Achronix SPAC merger comes from anonymous sources cited by Bloomberg. These sources say that ACEV is reaching to investors to raise funds for an upcoming deal. According to these insiders, the SPAC merger between Achronix and ACE Convergence Acquisition would value the combined company at $2 billion. It is fascinating to see how Microsoft was using FPGA's back then and how they saw the benefits of this technology. Apollo Strategic Growth Capital III registered with the SEC to offer 40 million units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant. So, technically the company isn’t one of the 2020 SPACs -- … Nice! That comes with heavy trading as … Share your opinion and gain insight from other stock traders and investors. The deal values the company at an enterprise value of around $1 billion. 890 5th Avenue Partners, Inc. ENFAU 286 S+W/3 General, US 1sttime SPAC team 11-Jan 10.59 Adit EdTech Acquisition Corp. ADEX.U 240 S+W/2 Technology, US Adit Ventures 11-Jan 10.29 Big Cypress Acquisition Corp. BCYPU 100 S+W/2 Healthcare, US 1 st time SPAC team 11-Jan 10.39 Apr 22, 2021 INTEL by Kristi Marvin. ET. Furnished as Exhibit 99.2 is a copy of an investor presentation to be used by the Company in connection with the Private Placements. In Captain Phillips, a pirate hijacks a ship and turns to the captain and says (in what is an amazing improvised line) “Look at me, I’m the captain now.”. A copy of the transcript for the Webcast is furnished hereto as Exhibit 99.3. Here is an interesting Microsoft presentation from November of 2016 that was referenced on page 13 of the Achronix investor presentation. Achronix, a semiconductor company, is merging with Ace Convergence Acquisition (NASDAQ: ACEV). Expected listing date is sometime in March. To view Achronix Data Acceleration’s complete valuation and … Some of the forward-looking statements can be identified by the use of forward-looking words. Bright Lights Acquisition Corp. BLTSU 200 S+W/2 Consumer, US 1sttime SPAC team 6-Jan 10.43 Ivanhoe Capital Acquisition Corp. IVAN.U 240 S+W/3 Energy, US 1sttime SPAC team 6-Jan 11.67 KludeIn I Acquisition Corp. INKAU 150 S+W/2 Technology, US 1sttime SPAC team 6-Jan 10.36 Vickers Vantage Corp. Achronix Semiconductor Corporation is a fabless semiconductor corporation, offering high-end FPGA-based data acceleration solutions, designed to address high-performance, compute-intensive and real-time processing applications. Whole warrants are exercisable at $11.50. BTIG released a $16 target based on 15x 2021E EBITDA. Generating Revenue. $117M. Founded in 2004, Achronix is one of the top five global fabless semiconductor companies and the only independent supplier of high-performance field programmable gate arrays (FPGA). This Presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. They only had 50G Ethernet at the time and now we are looking at 400 GB Ethernet.
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