indie Semiconductor and Thunder Bridge Acquisition II, Ltd. Announce Remaining of Trade Mixture

indie To Start Buying and selling on Nasdaq June 11, 2021 as “INDI”

ALISO VIEJO, Calif. & GREAT FALLS, Va.–(BUSINESS WIRE)–indie Semiconductor, an Autotech answers innovator, and Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR), a distinct goal acquisition corporate, nowadays introduced the of completion in their in the past introduced trade mixture. The blended corporate will retain the indie Semiconductor identify with its not unusual inventory and warrants to start buying and selling on Nasdaq below the brand new ticker symbols “INDI” and “INDIW”, respectively, on June 11, 2021. The trade mixture was once authorized at a distinct assembly of Thunder Bridge Acquisition II’s shareholders on June 9, 2021.

The of completion of our trade mixture with Thunder Bridge Acquisition II marks an strange milestone for indie,” stated Donald McClymont, indie’s Co-founder and CEO. “We based indie again in 2007 at the easy thought of addressing the will for leading edge semiconductor machine answers. Nowadays we’re a swiftly rising public corporate centered at the automobile {industry} with a world footprint and key relationships with main Tier 1 shoppers and OEMs. Our complex applied sciences are serving to to re-architect the next day’s car nowadays, fixing the step serve as building up in digital efficiency and complexity demanded by means of our shoppers to fortify protection, facilitate seamless information connectivity, toughen the person revel in and boost up electrification. Taking a look forward, we’re neatly situated to capitalize on our present design win pipeline, pressure scale and additional consolidate inside Autotech whilst growing shareholder price.”

We’re overjoyed to near our merger with the indie workforce,” stated Gary Simanson, President and CEO of Thunder Bridge Acquisition II. “indie has established an industry-leading franchise, and by means of distinctive feature of our mixture, may have the monetary firepower to boost up its strategic expansion projects and create an Autotech pureplay powerhouse. Thunder Bridge’s focal point on prime expansion generation companies blended with our confirmed talent to supply considerable fairness capital from the SPAC sponsor, IPO traders and PIPE contributors introduced important price to this transaction. Whether or not within the rising marketplace for monetary generation, equivalent to REPAY (Nasdaq: RPAY), or within the burgeoning marketplace for automobile generation equivalent to indie Semiconductor (Nasdaq: INDI), the Thunder Bridge SPAC workforce is dedicated to its traders and serving to robust running firms notice their strategic goals, get admission to public capital markets and create longer term shareholder price.”

The trade mixture is anticipated to lead to gross proceeds of roughly $400 million to indie at ultimate, internet of Thunder Bridge Acquisition II’s shareholder redemptions.

Along with Donald McClymont, following of completion of the trade mixture, indie will retain its skilled control workforce together with Ichiro Aoki, Co-founder and President; Scott Kee, Co-founder and Leader Era Officer; Thomas Schiller, Leader Monetary Officer and EVP of Technique; Ellen Bancroft, Common Recommend, and Steve Machuga, Leader Working Officer.

About indie

indie is empowering the Autotech revolution with subsequent era automobile semiconductors and device platforms. We focal point on edge sensors for Complicated Motive force Help Methods together with LiDAR, hooked up automotive, person revel in and electrification packages. Those applied sciences constitute the core underpinnings of each electrical and self sufficient cars, whilst the complex person interfaces become the in-cabin revel in to reflect and seamlessly connect with the cell platforms we depend on on a daily basis. We’re an authorized dealer to Tier 1 companions and our answers can also be present in marquee automobile OEMs world wide. Headquartered in Aliso Viejo, CA, indie has design facilities and gross sales places of work in Austin, TX; Boston, MA; Detroit, MI; San Francisco and San Jose, CA; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland and several other places all over China.

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About Thunder Bridge Acquisition II, Ltd.

Thunder Bridge Acquisition II, Ltd. is a clean take a look at corporate shaped for the aim of effecting a merger, proportion trade, asset acquisition, inventory acquire, reorganization or identical trade mixture with a number of companies. In August 2019, Thunder Bridge Acquisition II, Ltd. consummated a $345 million preliminary public providing of 34.5 million gadgets (reflecting the underwriters’ workout in their over-allotment choice in complete), each and every unit consisting of 1 Elegance A extraordinary stocks and one-half warrant, each and every complete warrant enabling the holder thereof to buy one Elegance A extraordinary proportion at a value of $11.50 in keeping with proportion.

Ahead-Taking a look Statements

This communique incorporates “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995. Such statements come with, however don’t seem to be restricted to, statements relating to our long term running effects and advantages of the trade mixture, and different statements recognized by means of phrases equivalent to “will most probably end result,” “are anticipated to,” “will proceed,” “is predicted,” “estimated,” “imagine,” “intend,” “plan,” “projection,” “outlook” or phrases of identical that means. Such forward-looking statements are primarily based upon the present ideals and expectancies of our control and are inherently matter to important trade, financial and aggressive uncertainties and contingencies, lots of which might be tricky to are expecting and in most cases past our keep watch over. Precise effects and the timing of occasions would possibly fluctuate materially from the effects expected in those forward-looking statements. Along with components in the past disclosed in Thunder Bridge Acquisition II’s experiences filed with the SEC (together with the ones recognized below “Chance Elements” therein) and the ones recognized in different places on this communique, the next components, amongst others, may just motive exact effects and the timing of occasions to fluctuate materially from the expected effects or different expectancies expressed within the forward-looking statements: our talent to expand, marketplace and achieve acceptance for brand new merchandise; the provision of semiconductors and production capability; aggressive merchandise and pricing pressures, and financial instability in our goal markets; indie’s long term capital necessities and assets and makes use of of money; indie’s talent to procure investment for its operations and long term expansion; adjustments available in the market for indie’s services and products; enlargement plans and alternatives; the above-average {industry} expansion of product and marketplace spaces that indie has centered; indie’s plan to extend income during the advent of recent merchandise inside its present product households in addition to in new product classes and households; the cyclical nature of the semiconductor {industry}; indie’s talent to effectively introduce new applied sciences and merchandise; the call for for the products into which indie’s merchandise are integrated; indie’s talent to appropriately estimate call for and procure provides from third-party manufacturers; indie’s talent to win aggressive bid variety processes; the result of any prison complaints that can be instituted in opposition to indie or Thunder Bridge II following the Trade Mixture and transactions pondered thereby; the lack to care for the list of the Elegance A not unusual inventory of the Corporate on Nasdaq following the Trade Mixture; the danger that the Trade Mixture disrupts present plans and operations; the facility to acknowledge the expected advantages of the Trade Mixture, that could be suffering from, amongst different issues, pageant, and the facility of the Corporate to develop and arrange expansion profitably; prices associated with the Trade Mixture. indie cautions that the foregoing listing of things isn’t unique.

All knowledge set forth herein speaks most effective as of the date hereof, and we disclaim any aim or legal responsibility to replace any forward-looking statements on account of trends happening after the date of this communique excluding as required by means of legislation.


Media and Investor Contacts
indie Semiconductor
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Pilar Barrigas


Investor Family members

Thunder Bridge Acquisition II
Gary Simanson

(202) 431-0507