indie Semiconductor Inc (INDI)

[Scandle34]

Update PR:

indie Semiconductor, an Autotech solutions innovator which is currently in the process of becoming a public company through a planned merger with Thunder Bridge Acquisition II (Nasdaq: THBR), a special purpose acquisition company, today provided a transaction timeline and business update. indie and Thunder Bridge did not receive any communication from the Federal Trade Commission (FTC) or Department of Justice (DOJ) as of the expiration of the 30-day waiting period for premerger notification filings under the Hart-Scott-Rodino (HSR) Antitrust Act. Accordingly, no additional antitrust action is needed.

Further, indie and Thunder Bridge expect to file an updated Form S-4 to their original January 25, 2021 document in response to an initial round of comments recently received from the Securities and Exchange Commission. As a result, indie and Thunder Bridge expect to close the transaction in early Spring 2021, subject to the Form S-4 being declared effective and customary closing conditions, including a successful shareholder vote.

'Early Spring' sounds like early to mid April? S4 comments cycle seem to be the gating item. So as to avoid a Lucid event, I guess it is time to put the math to the valuation?