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Cerence Inc.

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A maker of AI voice-assistant software for cars, Cerence powers the speech recognition and conversational tech drivers talk to inside vehicles from brands like BMW, Toyota, and Ford. Born in 2019 when voice-tech giant Nuance Communications spun off its automotive division, the company's tech now runs in hundreds of millions of cars worldwide. Its name is a fresh invention — a made-up brand word with no hidden meaning, chosen to stand alone as the new public company.

1.50% Convertible Senior Notes due 2028