Thunder Bridge Acquisition II (THBR) Shareholders Approve indie Semiconductor Deal

Thunder Bridge Acquisition II, Ltd.  (NASDAQ:THBR) announced in an 8-K filing that its shareholders approved its combination with indie Semiconductor at a special meeting held earlier today.

The SPAC did not disclose redemption figures, but noted that there were 26,884,871 shares voted by proxy or in person, and each of the proposals were approved by the shareholders.

The transaction is now expected to close on June 10 with with the combined entity’s shares commencing trading on the Nasdaq under the symbols “INDI.”

The parties initially announced their $982 million deal on December 18.  California-based indie Semiconductor provides hardware and software solutions as a part of builds for both autonomous and electric vehicles.

Although all measures on Thunder Bridge’s ballot passed by wide margins, some advisory charter proposals, such as the board of directors being divided into three classes, received a little bit more pushback. For a full list of proposals and vote tallies, click HERE.

ADVISORS

• Morgan Stanley & Co. LLC is serving as sole financial advisor and lead private placement agent to Thunder Bridge II.
• Deutsche Bank Securities is serving as lead financial advisor and lead capital markets advisor to indie Semiconductor and joint private placement agent to Thunder Bridge II.
• Goldman Sachs and Nomura Greentech are also serving as financial advisors to indie Semiconductor.
• Nelson Mullins Riley & Scarborough, Littler Mendelson and Ellenoff Grossman & Schole are serving as legal advisors to Thunder Bridge II.
• Loeb and Loeb as well as Rodriguez Wright are serving as legal advisors to indie Semiconductor.