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Achronix Is in Talks to Merge With Blank-Check Firm ACE

  • Combined entity could have around $2 billion equity value
  • Transaction could be announced as soon as this month
Updated on

Achronix Semiconductor Corp. is in talks to go public through a merger with the blank-check company ACE Convergence Acquisition Corp., according to people with knowledge of the matter.

ACE, a special purpose acquisition company, or SPAC, has begun discussions with investors about raising new equity to support the transaction, the people said. The deal is slated to give the combined entity an equity valuation of about $2 billion, said the people, who asked not to be identified as the information is private.