indie Semiconductor, Inc. (INDI): M&A transaction — indie Semiconductor closes acquisition of Exalos AG for up to $65M; expects accretion in 2024

indie Semiconductor, Inc.

Base purchase price of $45M paid in ~6.6M shares; up to $20M earnout based on revenue targets over 24 months.
Exalos brings SLED and SOA products for ADAS, LiDAR, HUD, and IMU navigation, backed by 59 global patents.
Acquisition adds 17 engineers with expertise in bright light sources; expected financially neutral in 2023 and accretive in 2024.
Transaction approved by both boards and closed on September 18, 2023.

item 1.01 item 2.01 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

indie Semiconductor, Inc. completed an acquisition involving Exalos AG for up to $65 million (closed 2023-09-18).

Action: acquisition
Counterparty: Exalos AG
Consideration: up to $65 million
Closing: 2023-09-18

Exact text from the filing

UK acquired all of the outstanding common shares of Exalos, each with a nominal value of CHF 1 (the “Acquisition”). The aggregate consideration for the Acquisition is up to $65 million (the “Purchase Price”), consisting of (i) a base purchase price equal to $45.0 million and (ii) up to $20.0 million of additional aggregate consideration contingent upon the

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

indie Semiconductor, Inc. entered into Share Sale and Purchase Agreement with Ay Dee Kay Ltd. (indie UK) and all stockholders of Exalos AG valued at up to $65 million (effective 2023-09-18).

Action: entry
Agreement: asset purchase
Counterparty: Ay Dee Kay Ltd. (indie UK) and all stockholders of Exalos AG
Value: up to $65 million
Effective: 2023-09-18

Exact text from the filing

On September 18, 2023 (the “Closing Date”), indie Semiconductor, Inc., a Delaware corporation (“indie”), completed the acquisition of Exalos AG, a Swiss corporation (“Exalos”), pursuant to that Share Sale and Purchase Agreement (the “Share Purchase Agreement”)

View on SEC.gov

68 m&a transactions filed in the last 30 days. Browse all m&a transactions →

indie Semiconductor, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-077349

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.