Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425)
January 08 2021 - 6:01AM
Edgar (US Regulatory)
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.
Commission File No.: 001-39406
Authored By: Bob Siller – Director,
Product Marketing
Posted On: Jan 07, 2021
On January 7th 2021,
Achronix announced our plan to go public with special acquisition company, ACE Convergence Acquisition Corp., and we expect the
transaction will be complete by mid-2021. While this is an exciting time for Achronix, we would like to take the opportunity to
highlight how this will benefit our customers going forward.
Since 2004, Achronix has produced high-performance
FPGA technology. We have successfully competed against the much larger FPGA suppliers such as Intel/Altera and Xilinx as a private
company. We focused on key high bandwidth, data acceleration applications that require programmability and high performance when
we created the Speedster7t FPGA family, which includes machine learning processors (MLP), an innovative 2D network-on-chip or 2D
NoC, which provides more than 20Tbps of bandwidth, 112 Gbps SerDes, 400G Ethernet, PCIe Gen5 interfaces and GDDR6 memory interfaces.
In developing the Speedster7t family, we created a unique and differentiated product compared to other FPGA products available
in the market today.
By going public, we will leverage the
additional capital raised to accelerate the development of our Speedster7t family and begin work on our next generation family.
Additionally, we will further invest in our Speedcore eFPGA IP and improve our design tools to make it easier to develop next generation
high-performance data acceleration solutions. We plan to expand our product reach into emerging applications such as automotive
driver assistance and high-performance computing. We have aggressive plans to expand our R&D teams to help accelerate product
development to bring highly advanced FPGA devices and eFPGA IP technology to market.
Our current and future customers will
benefit tremendously from Achronix going public. Our existing executive management team will continue to lead the company with
strategic focus on customers and emerging applications that can benefit from FPGA technology. Our applications and engineering
teams will expand and continue to provide best-in-class support and continue to innovate differentiated FPGA products and technology.
Our operations teams will scale to support significantly increased customer demand and exceed customers’ expectations providing
predictable delivery to the highest quality standards. Finally, our sales and marketing teams will grow to facilitate the adoption
of Achronix’s technology across a growing worldwide customer base.
2021 will be an exciting year for Achronix
but even more for our current and future customers who will benefit from our increased resources and innovative FPGA products.
To our amazing customers, thank you for joining us on our journey. We could not have done this without your support and belief
in our capability to help you solve your design challenges.
To learn more about this exciting news,
please visit Investor Relations. To read the full press release, see Achronix to List on NASDAQ Through Merger with ACE
Convergence.
***
Important Information for Investors and Stockholders
In connection with the proposed transaction, ACE
Convergence will file a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which
will include a preliminary proxy statement to be distributed to holders of ACE Convergence’s common stock in connection
with ACE Convergence’s solicitation of proxies for the vote by ACE Convergence’s stockholders with respect to the
proposed transaction and other matters as described in the Registration Statement, as well as the prospectus relating to the
offer of securities to be issued to Achronix Semiconductor Corporation’s stockholders in connection with the proposed
transaction. After the Registration Statement has been filed and declared effective, ACE Convergence will mail a definitive
proxy statement, when available, to its stockholders. Investors and security holders and other interested parties are
urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and
in their entirety when they become available because they will contain important information about ACE Convergence, Achronix
and the proposed transaction. Investors and security holders may obtain free copies of the preliminary proxy
statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the SEC by ACE
Convergence through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: ACE
Convergence Corporation, 1013 Centre Road, Suite 403S Wilmington, DE 19805. The information contained on, or that may be
accessed through, the websites referenced in this communication is not incorporated by reference into, and is not a part of,
this communication.
Participants in the Solicitation
ACE Convergence and its directors and officers may be deemed
participants in the solicitation of proxies of ACE Convergence’s stockholders in connection with the proposed business combination.
Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of ACE Convergence’s
executive officers and directors in the solicitation by reading ACE Convergence’s final prospectus to ACE Convergence’s
registration statement on Form S-1 (File No. 333-239716) filed with the SEC on July 28, 2020, the registration statement / proxy
statement and other relevant materials filed with the SEC in connection with the business combination when they become available.
Information concerning the interests of ACE Convergence’s participants in the solicitation, which may, in some cases, be
different than those of their stockholders generally, will be set forth in the registration statement / proxy statement relating
to the business combination when it becomes available.
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