| Prospectus Supplement No. 1 |
Filed pursuant to Rule 424(b)(3) |
| (To Prospectus dated September 29, 2023) |
Registration Statement No. 333-274632 |
PROSPECTUS/OFFER TO EXCHANGE
INDIE SEMICONDUCTOR,
INC.
Offer to Exchange Warrants to Acquire Shares of Class A Common Stock
of
indie Semiconductor, Inc.
for
Shares of Class A Common Stock
of
indie Semiconductor, Inc.
and
Consent Solicitation
This prospectus supplement updates, amends, and supplements the prospectus/offer
to exchange dated September 29, 2023 (the “Prospectus”), which forms a part of our Registration Statement on Form S-4
(Registration No. 333-274632). Capitalized terms used in this prospectus supplement and not otherwise defined herein have the meanings
specified in the Prospectus.
This prospectus supplement is being filed to update, amend, and supplement
the information included in the Prospectus with certain information contained in our Current Report on Form 8-K filed with the SEC
on October 16, 2023, which is set forth below.
This prospectus supplement is not complete without the Prospectus.
This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement,
and is qualified by reference thereto, except to the extent that the information in this prospectus supplement updates or supersedes the
information contained in the Prospectus. Please keep this prospectus supplement with your Prospectus for future reference.
Our shares of Class A common stock are listed on The Nasdaq Capital
Market (the “Nasdaq”) under the symbol “INDI.” On October 13, 2023, the closing sale price of our Class A common
stock was $4.87 per share. Our public warrants are listed on the Nasdaq under the symbol “INDIW.” On October 13, 2023, the
closing sale price of our public warrants was $1.36 per warrant.
Investing in shares of our Class A common stock or warrants involves
risks that are described in the “Risk Factors” section beginning on page 9 of the Prospectus and in similarly titled sections
of the documents incorporated by reference therein.
Neither the U.S. Securities and Exchange Commission nor any state securities
commission has approved or disapproved of the securities to be issued under the Prospectus or determined if the Prospectus or this prospectus
supplement is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is October
16, 2023
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 16, 2023
INDIE SEMICONDUCTOR, INC.
(Exact name of
Registrant as specified in its charter)
| Delaware |
|
001-40481 |
|
88-1735159 |
(State or other jurisdiction of
incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
32 Journey
Aliso Viejo, California 92656
(Address of principal
executive offices, including zip code)
(949) 608-0854
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check the appropriate box below
if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☒ | Written communications pursuant to Rule 425 under the Securities
Act |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Class A common stock, $0.0001 par value per share |
|
INDI |
|
The Nasdaq Stock Market LLC |
| Warrants, each whole warrant exercisable for one share of Class A common stock for $11.50 per share |
|
INDIW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230A05 of this chapter) or Rule 12b-2 of the Securities Exchange Act
of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☒
Item 2.02 and exhibit 99.1 to this Current
Report on Form 8-K are hereby incorporated by reference into the registration statement on Form S-4 (No. 333-274632) of the Company and
shall serve to supplement the disclosure contained therein, but shall not be incorporated by reference into any other registration statement
or other document pursuant to the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
Item 2.02. Results of Operations and Financial
Condition.
On October 16, 2023, indie Semiconductor, Inc.,
a Delaware corporation (the “Company” or “indie”), issued a press release announcing preliminary estimated revenue
for the fiscal quarter ended September 30, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and the information contained
in such press release is incorporated herein by reference. The preliminary estimate in the press release is approximate and based on indie’s
reasonable estimates and the information available at this time and, because of its preliminary nature, indie has not provided a specific
amount.
Item 9.01. Financial Statements and Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: October 16, 2023 |
|
| |
INDIE SEMICONDUCTOR, INC. |
| |
|
| |
By: |
/s/ Thomas Schiller |
| |
Name: |
Thomas Schiller |
| |
Title: |
Chief Financial Officer & EVP of Strategy
(Principal Financial
Officer) |
Exhibit 99.1
indie Semiconductor Provides Preliminary Revenue
Outlook and
Sets Date for Third Quarter 2023 Earnings Release
| ● | Expects Q3 2023 Revenue to be Above $60M and Slightly Higher than Guidance |
| ● | Schedules Q3 Earnings Release and Conference Call for November 9, 2023 |
ALISO VIEJO, Calif. – October 16, 2023 –
indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced that in connection with the Company’s
warrant exchange offer and consent solicitation, preliminary estimated revenue for the three months ended September 30, 2023 is expected
to be above $60 million and slightly better than the Company’s guidance and consensus estimates.
In addition, the Company has scheduled a conference call with analysts
to discuss third quarter 2023 financial results and indie’s business outlook on November 9, 2023 at 5:00 p.m. Eastern Time. After
the close of the market on November 9 and prior to the conference call, indie plans to issue a copy of the earnings press release via
Business Wire. The press release may also be viewed on indie’s website at https://investors.indiesemi.com/news.
To listen to the conference call via the Internet, please go to the
Financials tab on the Investors page of indie’s website. To listen to the conference call via telephone, please call (877)-451-6152
(domestic) or (201)-389-0879 (international).
A replay of the conference call will be available beginning at 9:00
p.m. Eastern time on November 9, 2023, until 11:59 p.m. Eastern time on November 23, 2023, under the Financials tab on the Investors page
of indie’s website, or by calling (844)-512-2921 (domestic) or (412)-317-6671 (international), Access ID: 13742118.
About indie
indie is empowering the Autotech revolution with next generation automotive
semiconductors and software platforms. We focus on developing innovative, high-performance and energy-efficient technology for ADAS, user
experience and electrification applications. Our mixed-signal SoCs enable edge sensors spanning Radar, LiDAR, Ultrasound, and Computer
Vision, while our embedded system control, power management and interfacing solutions transform the in-cabin experience and accelerate
increasingly automated and electrified vehicles. We are an approved vendor to Tier 1 partners and our solutions can be found in marquee
automotive OEMs worldwide. Headquartered in Aliso Viejo, CA, indie has design centers and regional support offices across the United States,
Canada, Argentina, Scotland, England, Germany, Hungary, Morocco, Israel, Japan, South Korea, Switzerland and China.
Please visit us at www.indiesemi.com to learn more.
Safe Harbor Statement
This communication contains “forward-looking statements”
(including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended). Such statements can be identified by words such as “will likely result,” “preliminary,”
“expect,” “anticipate,” “estimate,” “believe,” “intend,” “plan,”
“project,” “outlook,” “should,” “could,” “may” or words of similar meaning
and the negatives of those terms. The preliminary estimated revenue for the quarter ended September 30, 2023 included in this press release
is based upon the most current information available to management. Our actual results when disclosed in our Quarterly Report on Form
10-Q may differ from this preliminary estimate due to the completion of our closing procedures. Forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements to be materially different
from any future results, performance, or achievements expressed or implied by the forward-looking statements. A detailed discussion of
these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements
is included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the SEC on March 28, 2023 and in
our other public filings with the SEC (including those identified under “Risk Factors” therein). All forward-looking statements
in this press release are expressly qualified in their entirety by the foregoing cautionary statements.
Our presentation of preliminary estimated revenue for the quarter ended
September 30, 2023 reflects management’s estimates based solely upon information available to it as of the date of this release
and is not a comprehensive statement of our financial results. We have provided only a rough revenue estimate because our financial
closing procedures for the quarter ended September 30, 2023 are not yet complete and, as a result, our final results upon completion
of its closing procedures may vary, perhaps significantly, from the preliminary estimates.
Investors are cautioned not to place undue reliance on the forward-looking
statements in this press release, which information set forth herein speaks only as of the date hereof. We do not undertake, and we expressly
disclaim, any intention or obligation to update any forward-looking statements made in this announcement or in our other public filings,
whether as a result of new information, future events or otherwise, except as required by law.
Media Inquiries
media@indiesemi.com
Investor Relations
ir@indiesemi.com
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