Indie Semiconductor Sinks 15%; Sets $125 Mln Notes Offering

Shares of indie Semiconductor, Inc. (INDI) are down more than 15% Wednesday morning at $7.34.

The company today announced its plan to offer $125 million of Convertible Senior Notes due 2027, to partly fund its share repurchase of up to $50 million shares.

The company also intends to use part of the proceedings towards general corporate purposes.

INDI has traded in the range of $5.07-$16.22 in the last 1 year.

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