Brief: Indie Semiconductor Acquires Exalos AG

indie Semiconductor

18/09/2023 22:13

indie Semiconductor Inc  INDI.O :
    * INDIE SEMICONDUCTOR ACQUIRES EXALOS AG
    * INDIE SEMICONDUCTOR INC - INDIE PAID ABOUT $45 MILLION TO
EXALOS
EQUITY HOLDERS COMPRISED OF 6.6 MILLION INDIE CLASS A COMMON
SHARES
    * INDIE SEMICONDUCTOR- IF TARGETS EXCEEDED OVER 24-MONTH
POST-CLOSING PERIOD, HOLDERS TO EARN UP TO $20 MILLION MORE IN
CASH OR INDIE CLASS A COMMON SHARES
    * INDIE SEMICONDUCTOR INC - TRANSACTION HAS BEEN APPROVED BY
BOARDS OF DIRECTORS OF BOTH INDIE AND EXALOS
    * INDIE SEMICONDUCTOR INC - ACQUISITION IS EXPECTED TO BE
FINANCIALLY NEUTRAL IN 2023 AND ACCRETIVE TO INDIE'S 2024
RESULTS

Source text for Eikon:  ID:nBw9TVxlpa 
Further company coverage:  INDI.O