---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-073337"
form_type: "8-K"
ticker: null
cik: "0001813658"
company_name: "Tempo Automation Holdings, Inc."
filed_at: "2023-06-21T23:59:59+00:00"
generated_at: "2026-06-13T20:13:50.277501+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tempo Automation secures $7M convertible note; forbearance on cash covenant default

## Summary
- Secured $7M convertible promissory note from Asia-IO; up to $4M general use, $3M for Optimum acquisition.
- Note carries 12% simple interest, 3% OID, matures June 20, 2024; conversion floor $0.55, forced at $1.10.
- Existing lenders forbear on $5M cash covenant default through Nov 30, 2023; interest payments capitalized.
- Registration rights granted to Asia-IO for shares upon conversion.
- Optimum Design Associates acquisition expected to close H2 2023 pending conditions.

## SEC filing metadata
- accession: 0001104659-23-073337
- form_type: 8-K
- cik: 0001813658
- company_name: Tempo Automation Holdings, Inc.
- filed_at: 2023-06-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813658/000110465923073337/0001104659-23-073337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813658/000110465923073337/tm2319270d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-073337
- JSON: https://secwatch.observer/filing/0001104659-23-073337.json
- Plain text: https://secwatch.observer/filing/0001104659-23-073337.txt

## Key facts
- Debt Financings
  Tempo Automation Holdings, Inc. incurred convertible notes of Up to $4.0 million in aggregate principal under the Note in an aggregate principal amount up to $7.0 million with Asia-IO Advanced Manufacturing Partners, L.P. at 12.0% per annum maturing June 20, 2024.
  - Instrument: convertible notes
  - Principal: Up to $4.0 million in aggregate principal under the Note in an aggregate principal amount up to $7.0 million
  - Counterparty: Asia-IO Advanced Manufacturing Partners, L.P.
  - Rate: 12.0% per annum
  - Maturity: June 20, 2024
  - Event: incurrence
  source text: “Note”) with Asia-IO Advanced Manufacturing Partners, L.P., a Cayman Islands limited partnership (“Asia-IO”). The Note is a general unsecured obligation of the Company. Up to $4.0 million in aggregate principal under the Note in an aggregate principal amount up to $7.0 million may be drawn from time to time prior to the Maturity Date (as defined below) upon one or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813658/000110465923073337/0001104659-23-073337-index.htm
- Material Agreements
  Tempo Automation Holdings, Inc. entered into Convertible Promissory Note with Asia-IO Advanced Manufacturing Partners, L.P. valued at Up to $4.0 million in aggregate principal under the Note in an aggregate principal amount up to $7.0 (effective 2023-06-20).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Asia-IO Advanced Manufacturing Partners, L.P.
  - Value: Up to $4.0 million in aggregate principal under the Note in an aggregate principal amount up to $7.0
  - Effective: 2023-06-20
  source text: On June 20, 2023, Tempo Automation Holdings, Inc. (the “Company”) entered into a Convertible Promissory Note (the “Note”) with Asia-IO Advanced Manufacturing Partners, L.P., a Cayman Islands limited partnership (“Asia-IO”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813658/000110465923073337/0001104659-23-073337-index.htm
- Material Agreements
  Tempo Automation Holdings, Inc. entered into Registration Rights Agreement with Asia-IO Advanced Manufacturing Partners, L.P. (effective 2023-06-20).
  - Action: entry
  - Counterparty: Asia-IO Advanced Manufacturing Partners, L.P.
  - Effective: 2023-06-20
  source text: On June 20, 2023, contemporaneously with issuance of the Note, the Company and Asia-IO entered into a Registration Rights Agreement (the “Registration Rights Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813658/000110465923073337/0001104659-23-073337-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.