secwatch.observer — SEC 8-K summary
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Issuer:     indie Semiconductor, Inc. (INDI)
CIK:        0001841925
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001213900-22-074282
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Indie Semiconductor prices $140M (upsized to $160M) 4.5% convertible notes due 2027
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- Initial $140M notes priced at 4.5% due 2027; initial purchasers exercised option for additional $20M, total $160M.
- Conversion price $8.65/share, ~30% premium over $6.655 close on Nov 16, 2022.
- Concurrent repurchase of ~1.1M shares for ~$7.4M from an initial purchaser.
- Net proceeds ~$135M (full exercise ~$154.5M); used for share repurchases, general corporate, and potential acquisitions.
- Purchasers include Soros Fund Management, Lord Abbett, and Polar Capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841925/000121390022074282/0001213900-22-074282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841925/000121390022074282/ea169058-8k_indiesemi.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-074282

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer