TMPOW Stock Price, News & Analysis

TMPOW OTC

Company Description

Tempo is a leading software-accelerated electronics manufacturer, revolutionizing the process of printed circuit board manufacturing to provide top companies with unparalleled quality, speed, and agility. Their automated manufacturing platform, powered by all-digital process automation and data-driven intelligence, enables customers to bring tomorrow's products to market today. From industrial tech to medical technology, space exploration to autonomous vehicles, Tempo partners with the fastest-moving companies to drive innovation and progress.

However, on September 15, 2023, Tempo OpCo faced financial challenges, as the Agent declared a default under the Loan Agreement due to non-payment, a Material Adverse Effect, key personnel changes, and business operations suspension. As a result, the Lenders demanded immediate repayment of $29,065,017, leading to potential foreclosure proceedings and a possible decline in the Company's securities value.

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Latest News

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October 27, 2023

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Tempo Automation Holdings, Inc. Announces Commencement of Nasdaq Delisting Proceedings

September 21, 2023

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Tempo Automation Holdings, Inc. Receives a Default Notice From its Senior Lender Consortium

August 23, 2023

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Tempo Automation Receives Nasdaq Notification of Noncompliance with Listing Rule 5250(c)(1)

June 21, 2023

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Tempo Automation Secures $7.0M Convertible Promissory Note Facility Strengthening Financial Position and Providing Capital for Optimum Acquisition

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May 22, 2023

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Tempo Automation Enhances Customer Experience with Advanced Customer Portal Trials

May 15, 2023

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Tempo Automation Announces First Quarter Financial Results

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SEC Filings

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No SEC filings available for TMPOW.

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Frequently Asked Questions

What does Tempo do?

Tempo is a software-accelerated electronics manufacturer that optimizes printed circuit board manufacturing for top companies.

What sets Tempo apart from competitors?

Tempo's automated manufacturing platform, all-digital process automation, and data-driven intelligence provide unparalleled quality, speed, and agility.

What financial challenges did Tempo face on September 15, 2023?

Tempo OpCo defaulted on the Loan Agreement due to non-payment, a Material Adverse Effect, key personnel changes, and business operations suspension, resulting in a demand for immediate repayment of $29,065,017.

What are the potential consequences of the financial challenges faced by Tempo?

If Tempo cannot resolve the defaults or repay the debt, the Lenders may commence foreclosure proceedings, leading to a decline in the value of the Company's securities.

How does Tempo accelerate innovation for its customers?

Tempo partners with fast-moving companies in various industries to bring tomorrow's products to market today, driving progress and innovation.

What industries does Tempo serve?

Tempo serves industrial tech, medical technology, space exploration, autonomous vehicles, and more, helping companies accelerate their innovation.

Is Tempo publicly traded?

Yes, Tempo trades under the symbol TMPOW on the stock market.

Where can I learn more about Tempo?

For more information about Tempo and its innovative manufacturing platform, visit www.tempoautomation.com.

What is Tempo's approach to process automation?

Tempo's all-digital process automation and connected smart factory create a competitive advantage for customers, enabling them to deliver high-quality products with speed and agility.

How does Tempo address data-driven intelligence in manufacturing?

Tempo leverages data-driven intelligence to optimize the complex PCB manufacturing process, providing customers with insights and efficiencies to drive innovation.

What is Tempo's stance on forward-looking statements?

Tempo provides forward-looking statements based on current beliefs and expectations, addressing potential risks and uncertainties. The Company undertakes no obligation to publicly update or revise any forward-looking statement.