Tempo Automation Holdings, Inc. (TMPO)

Tempo Automation (NASDAQ: TMPO ) stock is falling on Tuesday as investors prepare for the electronics manufacturing company's shares to be delisted. According to a press release from Tempo Automation, shares of TMPO stock will be delisted from the Nasdaq Stock Market on Thursday.

SAN FRANCISCO, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ: TMPO) (the “Company”) announced today that on October 24, 2023, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”). As previously disclosed, on April 24, 2023, Nasdaq had notified the Company that the market value of its listed securities had been below the minimum $50,000,000 required for continued listing as set forth in Listing Rule 5450(b)(2)(A) (the “Market Value Rule”) for the previous 30 consecutive trading days and, in accordance with Listing Rule 5810(c)(3)(C), the Company was provided 180 calendar days, or until October 23, 2023, to regain compliance with the Market Value Rule. Additionally, on August 17, 2023, Nasdaq had notified the Company that it had not filed its Form 10-Q for the period ended June 30, 2023, and as a result, failed to comply with Nasdaq's filing requirement for continued listing as set forth in Listing Rule 5250(c)(1) (the “Delinquency Rule”). As a result, the Company was required to submit its plan to regain compliance with the Delinquency Rule by October 26, 2023. In its October 24 letter, Nasdaq notified the Company that, pursuant to Listing Rule 5810(d)(2), these deficiencies serve as additional and separate bases for delisting, and as a result, the Company's securities will be delisted from The Nasdaq Global Market. Unless the Company requests an appeal of this determination as described below, trading of the Company's common stock and warrants will be suspended at the opening of business on November 2, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company's securities from listing and registration on The Nasdaq Stock Market. The Company does not intend to appeal Nasdaq's determination.

SAN FRANCISCO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ: TMPO, the “Company”) has received a default notice from its senior lender consortium.  As previously disclosed, Tempo Automation, Inc. (“Tempo OpCo”), a Delaware corporation and wholly owned subsidiary of the Company, previously entered into that certain First Amended and Restated Loan and Security Agreement, dated as of November 22, 2022 (as amended, the “Loan Agreement”) by and among Tempo OpCo, Structural Capital Investments III, LP (“SCI”), Series Structural DCO II series of Structural Capital DCO, LLC (“DCO”), CEOF Holdings LP (“CEOF”), SQN Tempo Automation, LLC (“SQNTA”), SQN Venture Income Fund II, LP (“SQNVIFII” and, together with SCI, DCO, CEOF and SQNTA, the “Lenders”), and Ocean II PLO LLC, as administrative and collateral agent for the Lenders (the “Agent”), and that certain Forbearance Agreement and First Amendment to First Amended and Restated Loan and Security Agreement, dated as of June 20, 2023 (the “Forbearance”), by and among the Company, Tempo OpCo, the Lenders, and the Agent. The Loan Agreement is secured by the assets of Tempo OpCo and its subsidiaries (the “Collateral”), and the Company is a party to the Loan Agreement and has guaranteed Tempo OpCo's obligations thereunder. The Loan Agreement and Forbearance were attached as exhibits to the Company's Current Reports on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on December 6, 2022 and June 21, 2023, respectively.

SAN FRANCISCO, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Tempo Automation Holdings, Inc. (NASDAQ: TMPO, the “Company”), a leading software-accelerated electronics manufacturer, today announced that it had received a letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the Company has not yet filed its Form 10-Q for the period ended June 30, 2023 (the “Filing”), the Company no longer meets the requirements for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5250(c)(1) (the “Periodic Filing Rule”). The Letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company's securities.

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Tempo Automation (NASDAQ: TMPO ) stock is soaring higher on Monday after the company selected its next independent registered public accounting firm. The company chose WithumSmith+Brown PC to act as its independent registered public accounting firm for its fiscal 2023 year.

Tempo Automation (NASDAQ: TMPO ) stock is sliding on Friday after the stock saw a rally yesterday on analyst coverage. That came from Northland Securities, which initiated its coverage of TMPO stock with an “outperform” rating.

SAN FRANCISCO--(BUSINESS WIRE)--Tempo Automation, Inc. (“Tempo” or the “Company”), a leading software-accelerated electronics manufacturer, today announced that Joy Weiss, Tempo's Chief Executive Officer, and Ryan Benton, the Company's Chief Financial Officer, will participate in the CJS Securities 22nd Annual New Ideas for the New Year Conference on Wednesday, January 12, 2022. Management's presentation will take place at 3:45 P.M. Eastern time that day. Weiss and Benton will be available to c

SANTA CLARA, Calif. and COPENHAGEN, Denmark, April 27, 2021 /PRNewswire/ -- Achronix Semiconductor Corporation, a leader in high-performance FPGAs and embedded FPGA (eFPGA) IP, and Napatech, the leading provider of FPGA-based SmartNICs, today announced a partnership to deliver a new class of high-speed, programmable, FPGA-based SmartNICs to datacenter network operators.

SANTA CLARA, Calif., April 27, 2021 /PRNewswire/ -- Achronix Semiconductor Corporation, a leader in high-performance FPGAs and embedded FPGA (eFPGA) IP, and Napatech, the leading provider of FPGA-based SmartNICs, today announced a partnership to deliver a new class of high-speed, programmable, FPGA-based SmartNICs to data center network operators.

SANTA CLARA, Calif., April 8, 2021 /PRNewswire/ -- Achronix Semiconductor Corporation, a leader in high-performance FPGAs and embedded FPGA (eFPGA) IP, today announced that it has begun shipping its 7nm Speedster®7t AC7t1500 FPGAs to customers ahead of schedule.

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WILMINGTON, Del., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law , P.A. announces that it is investigating ACE Convergence Acquisition Corp. (“ACE”) (NASDAQ GS: ACEV) regarding possible breaches of fiduciary duties and other violations of law related to ACE's agreement to merge with Achronix Semiconductor Corporation.