Convergence Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses in the IT infrastructure software and semiconductor sector.
Company profile
Ticker
TMPOQ
Exchange
Website
CEO
Behrooz L. Abdi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ACE Convergence Acquisition Corp.
SEC CIK
TMPOQ stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
20 Nov 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
23 Aug 23
NT 10-Q
Notice of late quarterly filing
14 Aug 23
424B3
Prospectus supplement
4 Aug 23
8-K/A
Entry into a Material Definitive Agreement
4 Aug 23
8-K
Entry into a Material Definitive Agreement
3 Aug 23
424B3
Prospectus supplement
17 Jul 23
8-K
Departure of Directors or Certain Officers
17 Jul 23
424B3
Prospectus supplement
10 Jul 23
8-K
Other Events
10 Jul 23
Latest ownership filings
SC 13G/A
SQN Venture Partners, LLC
20 Feb 24
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
19 Jan 24
SC 13G/A
White Lion Capital LLC
30 Jun 23
SC 13G
White Lion Capital LLC
28 Apr 23
SC 13G/A
Linden Capital L.P.
3 Feb 23
SC 13G
HIGHBRIDGE CAPITAL MANAGEMENT LLC
2 Feb 23
4
Change in insider ownership
1 Feb 23
4
Behrooz L. Abdi
23 Jan 23
4
Omid Tahernia
23 Jan 23
4
Matthew W Granade
23 Jan 23
Financial summary
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Diluted EPS |
Annual (USD) | Mar 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.55 mm | 2.55 mm | 2.55 mm | 2.55 mm | 2.55 mm | 2.55 mm |
Cash burn (monthly) | 1.63 mm | 408.42 k | 2.91 mm | 4.59 mm | 1.77 mm | 2.00 mm |
Cash used (since last report) | 30.33 mm | 7.61 mm | 54.17 mm | 85.55 mm | 32.92 mm | 37.26 mm |
Cash remaining | -27.78 mm | -5.06 mm | -51.62 mm | -83.00 mm | -30.37 mm | -34.72 mm |
Runway (months of cash) | -17.1 | -12.4 | -17.7 | -18.1 | -17.2 | -17.3 |
Institutional ownership, Q2 2023
69.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 29 |
Opened positions | 20 |
Closed positions | 21 |
Increased positions | 2 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 2.64 bn |
Total shares | 21.22 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
ACE Convergence Acquisition | 6.89 mm | $0.00 |
Point72 Private Investments | 5.35 mm | $2.02 bn |
SQN Venture Partners | 3.04 mm | $0.00 |
ACE SO5 | 2.46 mm | $0.00 |
Structural Capital Management Co II | 1.69 mm | $0.00 |
Cantor Fitzgerald, L. P. | 805.00 k | $303.81 mm |
Firsthand Capital Management | 520.00 k | $195.00 mm |
Doliver Advisors | 136.30 k | $51.44 mm |
Linden Capital | 120.66 k | $0.00 |
Corbin Capital Partners | 70.98 k | $26.79 mm |