BUZZ-Indie Semiconductor tumbles after unveiling convertible bond offering plans

Reuters

Mar 04

BUZZ-<a href="https://laohu8.com/S/INDI">Indie Semiconductor</a> tumbles after unveiling convertible bond offering plans

** Indie Semiconductor INDI.O shares down 14.9% post-market at $2.69 after planned capital raise news

** Developer of sensors for advanced driver assistance systems announces private offering of $150 mln convertible bonds (CBs) due 2031

** It intends to use net offering proceeds to repurchase up to approx $100 mln of its 4.50% CBs due 2027, remainder for working capital and other purposes, including potential acquisitions

** Aliso Viejo, California-based INDI has ~223.6 mln shares outstanding for roughly $700 mln market cap

** Shares finished down 7.1% at $3.16 on Tues, down 10.5% YTD

** 6 analysts rate stock "buy", 1 rates "hold"; median PT $6, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4141","symbol_name":"半导体产品","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260303:nL6N3ZR1II:1","article_id":"2616237411","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2616237411","pubTimestamp":1772573343,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Indie Semiconductor tumbles after unveiling convertible bond offering plans** Indie Semiconductor INDI.O shares down 14.9% post-market at $2.69 after planned capital raise news** Developer of sensors for advanced driver assistance systems announces private offering of $150 mln convertible bonds  due 2031** It intends to use net offering proceeds to repurchase up to approx $100 mln of its 4.50% CBs due 2027, remainder for working capital and other purposes, including potential acquisitions** Aliso Viejo, California-based INDI has ~223.6 mln shares outstanding for roughly $700 mln market cap** Shares finished down 7.1% at $3.16 on Tues, down 10.5% YTD** 6 analysts rate stock \"buy\", 1 rates \"hold\"; median PT $6, per LSEG data","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4141":"半导体产品","BK4561":"索罗斯持仓","INDI":"Indie Semiconductor Inc."},"translate_title":"BUZZ-Indie Semiconductor在公布可转换债券发行计划后暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INDI":0.9},"content_text":"BUZZ-Indie Semiconductor tumbles after unveiling convertible bond offering plans** Indie Semiconductor INDI.O shares down 14.9% post-market at $2.69 after planned capital raise news** Developer of sensors for advanced driver assistance systems announces private offering of $150 mln convertible bonds (CBs) due 2031** It intends to use net offering proceeds to repurchase up to approx $100 mln of its 4.50% CBs due 2027, remainder for working capital and other purposes, including potential acquisitions** Aliso Viejo, California-based INDI has ~223.6 mln shares outstanding for roughly $700 mln market cap** Shares finished down 7.1% at $3.16 on Tues, down 10.5% YTD** 6 analysts rate stock \"buy\", 1 rates \"hold\"; median PT $6, per LSEG data(Lance Tupper is a Reuters market analyst. 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