A total of 24,658,461 warrants were tendered for stock

Davis Polk advised the dealer manager and solicitation agent in connection with an offer to exchange outstanding warrants to purchase shares of Class A common stock of indie Semiconductor, Inc., and the solicitation of consents from holders of the warrants to amend the warrant agreement to permit the company to require that each warrant outstanding upon the closing of the exchange offer be converted into shares of Class A common stock. A total of 24,658,461 warrants, or approximately 90.0% of the outstanding warrants, were tendered, each for 0.2565 shares of Class A common stock. The settlement of the exchange offer occurred on October 25, 2023.

indie offers highly innovative automotive semiconductors and software solutions for Advanced Driver Assistance Systems (ADAS), connected car, user experience and electrification applications. indie focuses on edge sensors across multiple modalities spanning light detection and ranging (LiDAR), radar, ultrasound and vision.

The Davis Polk corporate team included partner Derek Dostal and associates Jonathan I. Stempel and Wenyi Xu. The tax team included partner Michael Farber and associate Justin Corvino. Counsel David A. Zilberberg provided environmental advice. The intellectual property team included partner Matthew J. Bacal and associates Alison T. Chin and Annie Xie. All members of the Davis Polk team are based in the New York office.

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