indie Semiconductor Acquires EXALOS AG; Indie Paid ~$45M To EXALOS Equity Holders Comprised Of 6.6M Indie Class A Common Shares; Opportunity For Such Holders To Earn Up To $20M More In Cash Or Indie Class A Common Shares, At indie's Election
Portfolio Pulse from Benzinga Newsdesk
indie Semiconductor has acquired EXALOS AG for approximately $45 million, paid in 6.6 million indie Class A common shares. The deal also includes the potential for EXALOS equity holders to earn up to an additional $20 million in cash or indie Class A common shares, based on performance targets over the next 24 months. The acquisition expands indie's ADAS and User Experience portfolio and is expected to be financially neutral in 2023 and accretive in 2024.
September 18, 2023 | 8:08 pm
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indie Semiconductor's acquisition of EXALOS AG could potentially expand its product portfolio and customer base, which may positively impact its financial performance in the long term.
The acquisition of EXALOS AG by indie Semiconductor expands indie's product portfolio and customer base. This could potentially lead to increased revenues and profitability in the long term, which would likely have a positive impact on indie's stock price.
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