ACE Convergence Said to be in Merger Talks with Achronix: Report

Achronix Semiconductor is in talks to go public through a merger with ACE Convergence Acquisition, according to people with knowledge of the matter, Bloomberg reports.

ACE has begun discussions with investors about raising new equity to support the transaction, the sources said. The deal is slated to give the combined entity an equity valuation of about $2 billion. Read more.

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