---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-077349"
form_type: "8-K"
ticker: "INDI"
cik: "0001841925"
company_name: "indie Semiconductor, Inc."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T15:15:50.610821+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# indie Semiconductor closes acquisition of Exalos AG for up to $65M; expects accretion in 2024

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-077349
- form_type: 8-K
- ticker: INDI
- cik: 0001841925
- company_name: indie Semiconductor, Inc.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841925/000121390023077349/0001213900-23-077349-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841925/000121390023077349/ea185338-8k_indiesemi.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-077349
- JSON: https://secwatch.observer/filing/0001213900-23-077349.json
- Plain text: https://secwatch.observer/filing/0001213900-23-077349.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841925/000121390023077349/0001213900-23-077349-index.htm
- Material Agreements
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841925/000121390023077349/0001213900-23-077349-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.