Form Type: 4

SEC EDGAR Link
Accession Number:0001104659-21-125967
Date:2021-10-13
Issuer: ACE CONVERGENCE ACQUISITION CORP. (ACEV)
Original Submission Date:

Reporting Person:

ACE CONVERGENCE ACQUISITION LLC
1013 CENTRE ROAD, SUITE 403S
WILMINGTON, DE 19805

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
CLASS B ORDINARY SHARES 0.0 2021-10-13 deemed execution date J 1,678,500 (d) class a ordinary shares 1,678,500 $0.00 3,916,500 direct
Footnotes
IDfootnote
f1 as described in the issuer's registration statement on form s-1, as amended (file no. 333-239716) (the "form s-1") under the heading "description of securities--founder shares", the class b ordinary shares, par value $0.0001 per share, of the issuer ("class b ordinary shares") will automatically convert into class a ordinary shares, par value $0.0001 per share, of the issuer ("class a ordinary shares") at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, rights issuances, consolidations, reorganizations, recapitalizations and the like and certain anti-dilution rights, and have no expiration date.
f2 on october 13, 2021, the reporting person distributed 1,678,500 class b ordinary shares to one of its members in full redemption of such member's class a interests in the reporting person.
f3 the reporting person, in whose name the securities reported herein are held, is managed by its manager, behrooz l. abdi. mr. abdi may be deemed to beneficially own shares held by the reporting person by virtue of his control over the reporting person. mr. abdi disclaims beneficial ownership of the shares held by the reporting person, except to the extent of his pecuniary interest therein.
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