indie Semiconductor, Inc. (INDI): M&A transaction — Indie Semiconductor completes $270M acquisition of GEO Semiconductor

set forth above under the heading “Introductory Note” of this Current Report on Form 8-K is incorporated herein by reference. The aggregate consideration for the Merger is $270 million (the “Purchase Price”), of which $90 million was paid in cash at closing (the “Cash Consideration”) and approximately 9.4 million shares of indie shares of Class A common stock,

In connection with the consummation of the Merger, indie entered into a registration rights and lock-up agreement (the “Registration Rights Agreement”) with GEO and the Securityholders’ Agent on behalf of the Effective Time Holders (as defined in the Merger Agreement), pursuant to which, among other things, indie agrees to file a Shelf Registration on Form S-1 or Form S-3 (if indie is then eligible to use Form S-3) with respect to the Stock Consideration (as defined below), within thirty (30) days of the closing of the Merger, subject to agreed-upon lock-up provisions.