Indie Semiconductor closes $218.5M 3.5% convertible senior notes offering due 2029

indie Semiconductor, Inc.

Total principal $218.5M ($190M initial + $28.5M option exercised); interest 3.50% semi-annual, maturity Dec 15, 2029.
Initial conversion price ~$5.14/share, a 27.5% premium over the $4.03 stock price on Dec 3, 2024.
Capped call transactions cost ~$23.4M, cap price $8.06/share, to reduce potential dilution upon conversion.
Net proceeds estimated at ~$210.9M; used for capped call cost ($20.3M), working capital, and potential acquisitions.

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