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.
ProCap Acquisition Corp. (NASDAQ:PCAPU) has filed for a $200 million SPAC to hunt for a fintech or financial services target. The new S-1 filing was BTIG’s second of the week after a two-month break, bringing its 2025 new SPAC filings to five and the bank has so far managed to IPO five SPACs as well....
MSM Frontier Capital Acquisition Corp. (NASDAQ:MSMUU) has filed for a $225 million SPAC to search for a infrastructure target in Africa. The new SPAC will head out on this expedition with a trust that is not overfunded and units that each contain one right to a 1/8 share. It will also have 24 months to...
At the SPAC of Dawn This action-packed week in SPACs comes to an end with three more SPACs launching their IPOs, bringing it to nine on the week. And, the crypto strategy that SPACInsider noticed becoming increasingly popular among de-SPACs earlier this year has continued to gain steam. This week, edtech firm Classover (NASDAQ:KIDZ), fresh...
Cartesian Growth Corporation III (NASDAQ:CGCT) announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CGCT”, Friday, May 2, 2025. The new SPAC intends to combine with a closely held private company ready to make the jump to being a market-leading transnational...
Cantor Equity Partners II, Inc. (NASDAQ:CEPT) announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CEPT”, Friday, May 2, 2025. The new SPAC intends to combine with a target in the financial services, healthcare, real estate services, technology, or software industries....