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indie Semiconductor: Back On Track

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Updated - Dec. 4

indie Semi. got crushed from a convertible debt offering. The auto tech company didn't need the cash. This dip is insane. 

-indie Semiconductor (NASDAQ:INDI) said on Monday that it plans to offer, subject to market and other conditions, $175M aggregate principal amount of its convertible senior notes due 2029, through a private offering to institutional buyers.
-indie expects to grant the initial purchasers in the offering an option to purchase up to an additional $26.25 million aggregate principal amount of notes.

Finviz Chart

Original article posted on Nov. 24 

  • indie Semiconductor faced a tough 2024 but is poised for significant growth in 2025 and beyond, driven by EVs and AVs.
  • The company has a strategic backlog of $7.1 billion, focusing on vision and radar for ADAS, in-cabin experience, and electrification.
  • indie Semiconductor aims for 2025 revenues to surge over 40% to top $300 million, reaching breakeven and eliminating the need for additional capital.
  • INDI stock could trade at 10x forward sales by mid-2025, potentially increasing its market cap to $4.5 billion.
As with a lot of auto tech companies, indie Semiconductor (NASDAQ:INDI) faced a tough 2024. The sector was highly reliant on EVs and AVs for growth, and neither segment has progressed much over the last year. My investment thesis is ultra Bullish on the stock, with the company back on track for a big 2025 and beyond.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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