indie Semiconductor went public via a merger with Thunder Bridge Acquisition II in a $1.4bn deal.

indie Semiconductor, an automotive semiconductor and software innovator, went public via a merger with Thunder Bridge Acquisition II, a SPAC, in a $1.4bn deal. The combined operating entity was named indie Semiconductor, and was listed on Nasdaq under the ticker symbol INDI. "indie has established an industry-leading franchise, and by virtue of our combination, will have the financial firepower to accelerate its strategic growth initiatives and create an Autotech pureplay powerhouse. Thunder Bridge's focus on high growth technology businesses combined with our proven ability to provide substantial equity capital from the SPAC sponsor, IPO investors and PIPE participants brought significant value to this transaction," Gary Simanson, Thunder Bridge Acquisition II President and CEO.