BRIEF-Indie Semiconductor Enters Definitive Merger Agreement With Thunder Bridge Acquisition II Ltd

Reuters

2020/12/15

Dec 15 (Reuters) - Thunder Bridge Acquisition II Ltd

* INDIE SEMICONDUCTOR ENTERS DEFINITIVE MERGER AGREEMENT WITH THUNDER BRIDGE ACQUISITION II, LTD.

* THUNDER BRIDGE ACQUISITION II LTD - DEAL REFLECTS IMPLIED EQUITY VALUE OF COMBINED COMPANY OF $1.4 BILLION, WITH $10.00 PER SHARE PIPE SUBSCRIPTION PRICE

* THUNDER BRIDGE ACQUISITION II - UPON CLOSING, COMBINED CO WILL RECEIVE UP TO $495 MILLION IN CASH, INCL. $150 MILLION PIPE, $345 MILLION IN CASH HELD IN TRUST

* THUNDER BRIDGE ACQUISITION II LTD - UPON CLOSING OF TRANSACTION, COMBINED COMPANY WILL BE LED BY INDIE'S MANAGEMENT TEAM

* THUNDER BRIDGE ACQUISITION II LTD - COMBINED OPERATING ENTITY WILL BE NAMED INDIE SEMICONDUCTOR, INC, LISTED ON NASDAQ STOCK MARKET UNDER TICKER INDI

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