CFGI’s Capital Markets team assisted indie Semiconductor (“indie”) (NYSE: INDI) with its SPAC merger with Thunder Bridge Acquisition II. Ltd. The transaction closed on January 10, 2021, and its shares of common stock and warrants will start trading on Nasdaq under the new ticker symbols “INDI” and “INDIW,” respectively. The business combination resulted in gross proceeds of approximately $400 million to indie at closing, net of Thunder Bridge Acquisition II’s shareholder redemptions.
indie is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. indie focuses on edge sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms we rely on every day. We are an approved vendor to Tier 1 partners, and our solutions can be found in marquee automotive OEMs around the world. Headquartered in Aliso Viejo, CA, indie has design centers and sales offices in Austin, TX; Boston, MA; Detroit, MI; San Francisco and San Jose, CA; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland and several locations throughout China.
For further information on the offering, please read indie’s press release.