Indie Semiconductor secures ¥300M strategic investment in Chinese subsidiary from top OEMs; appoints new CAO

indie Semiconductor, Inc.

Appointed Raja Bal as Chief Accounting Officer effective Dec 1, 2022; he previously served as SVP Finance and Controller.
Closed ¥300M (~$42.7M) Series B investment in majority-controlled subsidiary Wuxi indie Microelectronics Ltd.
Investors include two of China's top four automotive OEMs; investment strengthens Wuxi's go-to-market capability.
Agreement includes liquidation preferences and exchange right for Wuxi shares into indie Class A stock if no IPO by Dec 31, 2027.

item 5.02 item 8.01

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Appointed

Raja Bal

Chief Accounting Officer

INDI · indie Semiconductor, Inc.

Effective: 2022-12-01
Filed: December 2, 2022, 6:59 PM ET

On December 1, 2022, the Board of Directors (the “Board”) of indie Semiconductor, Inc. (“indie” or the “Company”) appointed Raja Bal (“Mr. Bal”) as the Chief Accounting Officer, effective immediately.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Raja Bal was appointed as Chief Accounting Officer at indie Semiconductor, Inc..

Action: appointed
Role: Chief Accounting Officer

Exact text from the filing

On December 1, 2022, the Board of Directors (the “Board”) of indie Semiconductor, Inc. (“indie” or the “Company”) appointed Raja Bal (“Mr. Bal”) as the Chief Accounting Officer, effective immediately.

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indie Semiconductor, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-031291

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