# indie Semiconductor to merge with Thunder Bridge Acquisition II

indie Semiconductor entered a definitive merger agreement with SPAC Thunder Bridge Acquisition II, Ltd. The transaction implies an equity value of about $1.4 billion and is expected to close in Q1 2021.

- Type: Acquisition
- Announced: 2020-12-15
- Where: United States
- Value: $1.40B
- Status: announced
- Products: automotive semiconductors and software for ADAS, connectivity, user experience, electrification
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [indie Semiconductor](https://endata.com/companies/39192.md)
- [Thunder Bridge Acquisition II](https://endata.com/companies/51875.md) (partner)
- [Thunder Bridge Acquisition II](https://endata.com/companies/51875.md) (target)

## Sources

- [investors.indie.inc](https://investors.indie.inc/news/news-details/2020/indie-Semiconductor-Enters-Definitive-Merger-Agreement-with-Thunder-Bridge-Acquisition-II-Ltd/default.aspx), 2020-12-15: "The transaction reflects an implied equity value for the combined company of roughly $1.4 billion."
- [businesswire.com](https://www.businesswire.com/news/home/20201215005430/en/indie-Semiconductor-Enters-Definitive-Merger-Agreement-with-Thunder-Bridge-Acquisition-II-Ltd.), 2020-12-15: "indie Semiconductor, a next generation automotive semiconductor and software innovator, and Thunder Bridge Acquisition II, Ltd. today announced they have entered into a definitive agreement for a business combination."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.