indie Semiconductor shares keep sliding after merger closing

indie Semiconductor

15/06/2021 18:08

** Shares of indie Semiconductor  INDI.O  down 12.2% to $8.75 in
Tues trading; stock falls as low as $8.40, lowest price on
record
    ** indie Semi and Thunder Bridge Acquisition II, Ltd, a 
special purpose acquisition company, announced completion of
previously announced combination on June 10 after the close
 urn:newsml:reuters.com:*:nBwNrtsNa
    ** Since then, INDI is down ~20%
    ** INDI is one of top-trending tickers on stocktwits.com
    ** Deal to take indie public announced in Dec  urn:newsml:reuters.com:*:nL4N2IV37D
    ** INDI had market value of $430 million as of Mon close

 ((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters
Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net,
Twitter: @LKrauskopf))