Portfolio Offers Flexible In-Cabin Design Options for Leading OEMs;
Enables Next-Generation Adaptive Front Lighting Systems
Aliso Viejo, Calif. – May 24, 2021 – indie Semiconductor, an Autotech solutions innovator which
is currently in the process of merging with Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR), a
special purpose acquisition company, today unveiled a family of highly integrated and flexible
solutions optimized for automotive interior lighting applications in next-generation vehicles.
Specifically, indie’s smart LED devices combine a 32-bit general-purpose microcontroller
together with all the necessary hardware and software programming required to implement an
interior lighting system – in various configurations.
From exterior styling to how drivers see the cockpit with interior cabin lights, smart lighting is
changing how automobiles are designed, marketed and distinguished. In particular, with new
LED platforms generating the same light intensity while consuming substantially less energy
than legacy incandescents, automotive OEMs now have more options and form factors when
determining where lighting can be placed on the interior, front and rear of vehicles. Beyond
improved efficiency and styling, LED technologies are also enabling adaptive front lighting
systems (AFS) — one of the most important factors in mitigating driver fatigue and increasing
safety under challenging conditions.
“With LED lighting rapidly becoming a defining element in the overall automotive user
experience, carmakers are deploying more sophisticated solutions to differentiate their brand,”
said Michael Wittmann, indie’s vice president of marketing. “indie’s broad portfolio of smart
LED controllers delivers unmatched performance, power efficiency and cost-optimized
architectures. At a higher level, today’s smart lighting news underscores indie’s strategic
mission to re-architect the vehicle of tomorrow today through highly integrated, reliable and
scalable solutions.”
About indie’s Advanced Lighting Solutions
indie’s portfolio includes the following:
- iND83204 CSXX – family of up to 24-way RGB (W) LED driver with integrated buck
- iND83210 – a 24-way RGB (W) LED driver
- iND832XX – family of three-way RGB LED drivers
All products are designed to meet stringent AEC-Q100 automotive requirements and
manufactured in IATF16949-certified production facilities.
For specific information about indie’s lighting products, please contact info@indiesemi.com.
About indie
indie is empowering the Autotech revolution with next generation automotive semiconductors
and software platforms. We focus on edge sensors for Advanced Driver Assistance Systems
including LiDAR, connected car, user experience and electrification applications. These
technologies represent the core underpinnings of both electric and autonomous vehicles, while
the advanced user interfaces transform the in-cabin experience to mirror and seamlessly
connect to the mobile platforms we rely on every day. We are an approved vendor to Tier 1
partners and our solutions can be found in marquee automotive OEMs around the world.
Headquartered in Aliso Viejo, CA, indie has design centers and sales offices in Austin, TX;
Boston, MA; Detroit, MI; San Francisco and San Jose, CA; Budapest, Hungary; Dresden,
Germany; Edinburgh, Scotland and various locations throughout China.
Please visit us at www.indiesemi.com to learn more.
About Thunder Bridge Acquisition II, Ltd.
Thunder Bridge Acquisition II, Ltd. is a blank check company formed for the purpose of effecting
a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. In August 2019, Thunder Bridge Acquisition II, Ltd.
consummated a $345 million initial public offering (the “IPO”) of 34.5 million units (reflecting
the underwriters’ exercise of their over-allotment option in full), each unit consisting of one
Class A ordinary shares and one-half warrant, each whole warrant enabling the holder thereof
to purchase one Class A ordinary share at a price of $11.50 per share. Thunder Bridge
Acquisition II’s securities are quoted on the Nasdaq stock exchange under the ticker symbols
THBRU, THBR and THBRW.
Thunder Bridge Acquisition II Shareholder Vote
Shareholders who own shares of Thunder Bridge Acquisition II as of May 10, 2021, should
submit their vote by 11:59 p.m. Eastern Time on June 8, 2021. For more information on how to
vote, please visit https://www.cstproxy.com/thunderbridgeacquisitionii/sm2021/. Thunder
Bridge Acquisition II shareholders who need assistance in completing the proxy card, need
additional copies of the proxy materials, or have questions regarding the Special Meeting may
contact Thunder Bridge Acquisition II’s proxy solicitor, Morrow Sodali LLC, by telephone toll-free
at (800) 662-5200 or collect at (203) 658-9400.
The definitive proxy statement/prospectus is also available at www.sec.gov. Thunder Bridge
Acquisition II shareholders are encouraged to read the definitive proxy statement/prospectus as
it contains important information about the proposed transaction, including, among other
things, the reasons for Thunder Bridge Acquisition II’s board of directors' unanimous
recommendation that the shareholders of Thunder Bridge Acquisition II vote "FOR" the
proposed business combination and the other shareholder proposals set forth in the proxy
statement/prospectus as well as the background of the process that led to the proposed
business combination with indie.
The proposed business combination is expected to close on or about June 10, 2021, subject to
shareholder approvals, Nasdaq approval, and satisfaction of customary closing conditions.
Following completion of the proposed business combination, indie will retain its experienced
management team including Donald McClymont, Co-founder and CEO; Ichiro Aoki, Co-founder
and President; Dr. Scott Kee, Co-founder and Chief Technology Officer; Thomas Schiller, Chief
Financial Officer and EVP of Strategy and Steve Machuga, Chief Operating Officer. The
combined company will retain the indie Semiconductor name and be listed on Nasdaq under
the new ticker symbol “INDI.”
Additional Information about the Transaction and Where to Find It
In connection with the proposed business combination, on January 25, 2021, Thunder Bridge
Acquisition II filed with the U.S. Securities and Exchange Commission (“SEC”) a registration
statement on Form S-4 (SEC File No. 252374) (the “Form S-4”), which includes a proxy
statement/prospectus, which was amended on March 23, May 4, May 10, and May 12, 2021.
The Form S-4 was declared effective on May 14, 2021, and the definitive proxy
statement/prospectus and other proxy materials were mailed to Thunder Bridge Acquisition II’s
shareholders of record as of the close of business on May 10, 2021. Before making any voting
or investment decision, Thunder Bridge Acquisition II’s shareholders and other interested
persons are urged to read the Form S-4, as amended, the definitive proxy statement/prospectus
included in the Form S-4, and documents incorporated by reference therein filed in connection
with the proposed business combination, as these materials contain important information
about indie, Thunder Bridge Acquisition II and the proposed business combination. The
documents filed by Thunder Bridge Acquisition II with the SEC may be obtained free of charge at
the SEC’s website at www.sec.gov or by directing a request to Thunder Bridge Acquisition II,
Ltd., 9912 Georgetown Pike, Suite D203, Great Falls, Virginia, 22066, Attention: Secretary, or by
calling (202) 431-0507.
Participants in the Solicitation
indie Semiconductor and Thunder Bridge Acquisition II and their respective directors and
executive officers and certain other members of management and employees may be deemed “participants” in the solicitation of proxies from Thunder Bridge Acquisition II shareholders with
respect to the business combination. A list of the names of those directors and executive
officers and a description of their interests in Thunder Bridge Acquisition II or indie
Semiconductor is set forth in the proxy statement/prospectus for the proposed business
combination included in the Form S-4, which is available at www.sec.gov. Information about
Thunder Bridge Acquisition II’s directors and executive officers and their ownership of Thunder
Bridge Acquisition II ordinary shares is set forth in Thunder Bridge Acquisition II prospectus,
dated August 9, 2019 and in the proxy statement/prospectus included in the Form S-4, as may
be modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such
filings. These documents can be obtained free of charge from www.sec.gov.
Forward Looking Statements
This communication contains “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements include, but are not limited to,
statements about our intentions to merge with Thunder Bridge Acquisition II; and other
statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is
anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar
meaning. Such forward-looking statements are based upon the current beliefs and expectations
of our management and are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are difficult to predict and
generally beyond our control. Actual results and the timing of events may differ materially from
the results anticipated in these forward-looking statements. In addition to factors previously
disclosed in Thunder Bridge Acquisition II’s reports filed with the SEC and those identified
elsewhere in this communication, the following factors, among others, could cause actual
results and the timing of events to differ materially from the anticipated results or other
expectations expressed in the forward-looking statements: inability to meet the closing
conditions to the business combination, including the occurrence of any event, change or other
circumstances that could give rise to the termination of the definitive agreement; the inability
to complete the transactions contemplated by the definitive agreement due to the failure to
obtain approval of Thunder Bridge Acquisition II’s shareholders; and other risks and
uncertainties indicated in the proxy statement/prospectus relating to the proposed business
combination, including those under “Risk Factors” therein, and in Thunder Bridge Acquisition II’s
other filings with the SEC. Indie cautions that the foregoing list of factors is not exclusive.
All information set forth herein speaks only as of the date hereof, and we disclaim any intention
or obligation to update any forward-looking statements as a result of developments occurring
after the date of this communication except as required by law.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent, or authorization with
respect to any securities nor shall it constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which
such offer, solicitation, or sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Media Relations:
Pilar Barrigas
949-608-0854
media@indiesemi.com
Investor Relations:
ir@indiesemi.com