indie Semiconductor completes warrant exchange; 90% tendered, remaining to be forced exchanged

indie Semiconductor, Inc.

24,658,461 warrants (~90% of outstanding) tendered; Company issued 7,027,517 shares of Class A common stock.
Amendment No. 2 to warrant agreement allows mandatory exchange of remaining warrants at 0.2565 shares per warrant.
Exchange date fixed for November 9, 2023; warrants expected to be suspended from trading on Nov 8 and delisted.
No warrants will remain outstanding after the exchange; Class A common stock continues trading under INDI.

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