Tempo Automation shares are trading higher after the company announced it secured a $7 million convertible promissory note facility, strengthening its financial position and providing capital for the Optimum acquisition.
Portfolio Pulse from Benzinga Newsdesk
Tempo Automation secured a $7 million convertible promissory note facility, improving its financial position and providing capital for the Optimum acquisition.
June 22, 2023 | 1:18 pm
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Tempo Automation's stock is trading higher after securing a $7 million convertible promissory note facility, which will help fund the Optimum acquisition.
The $7 million convertible promissory note facility strengthens Tempo Automation's financial position and provides capital for the Optimum acquisition. This positive news is likely to boost investor confidence and drive the stock price higher in the short term.
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