Indie Semiconductor launches warrant exchange offer for up to 7.8M shares

indie Semiconductor, Inc.

Each warrant exchanged gets 0.285 shares of Class A common stock; up to 7,808,968 shares may be issued.
Consent solicitation to amend warrant agreement: non-tendered warrants forced into 0.2565 shares per warrant (10% less).
Parties holding ~32% of outstanding warrants have agreed to tender and consent; need ~18% more for amendment.
Offer expires October 19, 2023; warrants can be withdrawn anytime before expiration.
As of Sep 20, 2023: 153,171,121 Class A shares outstanding and 27,399,887 warrants outstanding.

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