Monday, June 14, 2021

indie Semiconductor Goes Public Via SPAC

Aliso Viejo-based Indie Semiconductor, a developer of automotive semiconductors and software focused on edge sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience and other areas, has gone public via an acquisition via a special purpose acquisition company( SPAC). According to indie Semiconductor and SPAC Thunder Bridge Acquisition II, Ltd., the two completed their business combination last week. indie started trading on the Nasdaq on June 11th as INDI. Indie is led by co-founder and Ceo Donald McClymont. indie Semiconductor is focused on selling its semiconductors to automotive OEMs. The combined companies said they will receive gross proceeds of approximately $400M at closing.

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