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indie Semiconductor Enters Definitive Merger Agreement with THBRindie Semiconductor Enters Definitive Merger Agreement with Thunder Bridge Acquisition II, Ltd. indie Semiconductor is a leading pure-play provider of next-generation semiconductor and software solutions for the rapidly growing Autotech market, enabling ADAS/Autonomous, Connectivity, User Experience and Vehicle Electrification applications Business combination with Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR) positions indie to capitalize on >$2B of strategic backlog and an additional $2.5B in identified pipeline opportunities driven by deep relationships with Tier 1 automotive suppliers Provides up to $495M in cash to the combined company before expenses, comprised of up to $345M in cash held by Thunder Bridge II in trust assuming no redemptions and an upsized $150M fully committed common stock PIPE at $10.00 per share, including anchor investments from leading long-term institutional shareholders Estimated post-transaction equity value of approximately $1.4B based on current assumptions; expected to be listed on the Nasdaq under the ticker symbol INDI following an anticipated transaction close in the first quarter of 2021 indie shareholders will rollover 100% of their equity positions through indie’s transition into the publicly listed entity Net proceeds from the transaction to accelerate deployment of solutions to existing customers and fund pent-up demand for additional programs Today, indie’s automotive semiconductor portfolio addresses a $16 billion market, according to IHS, which is expected to exceed $38 billion by 2025 driven by strong demand for silicon and software content in automobiles. indie’s best-in-class, mixed signal system-on-a-chip (SoC) solutions are currently on 12 Tier 1 approved vendor lists, contributing to a strategic backlog position of more than $2 billion, defined as projected revenues based on existing contracts, design and pricing terms and historic production trends. finance.yahoo.com
T
by AlenCiken
TSLA where to next? retracement at 650+ or pullback retrace 600where will tesla go next? retracement zone at 600-650, and 650-700. Could also break above 700 and trend higher but with stimulus checks falling through I doubt it will spike. We're just hoping it doesn't sell off come monday dec 21 aka sp500 inclusion date. My take is this. Tesla has spiked up rapidly due to the index buy up. come monday all the short term traders will dump their positions. massive selloff possible, with a correction upward possible when the long traders see a bargain post sell off. trade accordingly. good luck.
NASDAQ:TSLA
by miltonlegendaryxoxo
1
EV Company Last Mile to List on Nasdaq Through Merger With FIIIEV Company Electric Last Mile to List on Nasdaq Through Merger With Forum Merger III Corporation Pro forma implied equity value of the combined company is approximately $1.4 billion ELMS expects to launch its Urban Delivery van as the first electric Class 1 commercial vehicle in the U.S. market in the third quarter of 2021 Transaction supported by approximately $155 million in fully committed PIPE and related financing anchored by institutional investors including BNP Paribas Asset Management Energy Transition Fund and Jennison Associates LLC Approximately $379 million of gross proceeds expected from the transaction to be used to fund operations and growth Upon closing of the transaction, which is expected to occur in the first quarter of 2021, the combined company will be named Electric Last Mile Solutions, Inc. and will continue to be listed on the Nasdaq Capital Market under the new ticker symbol, “ELMS To date, ELMS has over 30,000 pre-orders from customers including leading brands and some of the largest fleet managers and dealers in the country. www.businesswire.com
FLong
by AlenCiken
Mr. West Daily notes Report no. 2Based on a technical analysis for the month of December, a few stocks are showing signs of an up trend, down trend and consolidation. Here is a separated break down of stock companies. Trending up: ROKT, MICT, ZYNGA, HERO, HERO, DENN, GE, NCLH, BOTZ, MVIS, SNE, SAVE, CCL Trending Down: NIO, CAN Consolidating: AESE, UA, NKLA, JBLU, CRON Majority of the stock that are at a up trend are companies that are technology and industrial type. Both (HERO and BOTZ) ETFS are up so that is a clear indication for long term investments. The down trend stocks are also sharing some relative signs of having a strong up side based off being over bought this past month. However, there will be another progression of the down trend stocks reversing its down trend into an up trend. One stock company in particular has also shown signs of sales increasing due to weather season changes. In the event of the U.S. economy taking a hit through the COVID-19, General Electric stock (GE) has grown with a 5.77% this month. Based on the U.S. climate changing to colder temperatures, there has been a growth of sales and revenue. GE supplies Heaters, Stoves, and Electric powered devices to warm homes. (See image link Below) GE has also shown patterns of spike in sales during this time by using technical chart breakdown of looking at the charts past movement around the months of October to December. With the first signs of snow in the South Eastern part of the U.S., this may indicate that the Company may have a great increase of its share price due to colder temperatures.
NYSE:GEShort
by Grantw04