indie Semiconductor (NASDAQ: INDI) updates $150M ATM stock program

Rhea-AI Filing Summary

indie Semiconductor, Inc. updated its existing at-the-market equity program. The company previously established a Sales Agreement allowing it to sell Class A common stock with an aggregate offering price of up to $150.0 million through designated sales agents, and $59.8 million of that capacity remains unsold. Because the prior Form S-3 registration statement covering these unsold shares will expire on September 7, 2025, the company filed a prospectus supplement under a new automatic shelf registration statement to register the offering of the remaining shares. It also amended the Sales Agreement so that references now point to the 2025 shelf registration, while all other material terms stay the same.

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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): August 29, 2025

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)		(IRS Employer Identification No.)

32 Journey Aliso Viejo, California		92656
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (949) 608-0854

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing 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 (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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, par value $0.0001 per share		INDI		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 (§230.405 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 8.01. Other Events.

As previously disclosed, indie Semiconductor, Inc. (the “Company”) entered into an At Market Issuance Sales Agreement, dated August 26, 2022 (as amended, the “Sales Agreement”), with B. Riley Securities, Inc. (“B. Riley”), Craig-Hallum Capital Group LLC (“Craig-Hallum”) and Roth Capital Partners, LLC (“Roth Capital” and together with B. Riley and Craig-Hallum, the “Sales Agents”), pursuant to which we may issue and sell, from time to time, shares of our Class A common stock, $0.0001 par value per share, having an aggregate offering price of up to $150.0 million through the Sales Agents, as the sales agent, in an at the market offering (the “ATM Offering”), of which $59.8 million of such shares remain unsold (the “Unsold Securities”).

The Unsold Securities were previously registered on the Company’s registration statement on Form S-3 (File No. 333-267120), which was initially filed with the SEC on August 26, 2022 and became effective on September 7, 2022 (the “2022 Registration Statement”) and will expire on September 7, 2025. On August 29, 2025, we filed with the SEC a prospectus supplement to our automatic shelf registration statement on Form S-3ASR (Registration No. 333-285653), which registration statement was filed and became effective on March 7, 2025 (the “2025 Registration Statement”), to replace the expiring 2022 Registration Statement and register the offering of the Unsold Securities under the 2025 Registration Statement. In connection with the registration of Unsold Securities, the Company and the Sales Agents entered into an amendment to the Sales Agreement to update all references from the 2022 Registration Statement to the 2025 Registration Statement. All other material terms of the Sales Agreement remain unchanged.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
5.1		Opinion of Audrey Wong, Chief Legal Officer of the Company
23.1		Consent of Audrey Wong (included in Exhibit 5.1)
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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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.

	INDIE SEMICONDUCTOR, INC.
August 29, 2025	By:	/s/ Donald McClymont
		Name:	Donald McClymont
		Title:	Chief Executive Officer
			(Principal Executive Officer)

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FAQ

What did indie Semiconductor (INDI) announce in this 8-K filing?

indie Semiconductor reported that it filed a prospectus supplement under its 2025 automatic shelf registration statement to register the offering of previously unsold shares under its at-the-market equity program and amended its Sales Agreement so references now point to the new registration statement.

How large is indie Semiconductor's at-the-market offering program?

The at-the-market offering program allows indie Semiconductor to issue and sell shares of its Class A common stock having an aggregate offering price of up to $150.0 million through its sales agents.

How much ATM capacity remains unsold for indie Semiconductor?

The filing states that $59.8 million of the shares available under the at-the-market offering remain unsold, referred to as the Unsold Securities.

Why did indie Semiconductor move the Unsold Securities to a new shelf registration?

The Unsold Securities were originally registered on a 2022 Form S-3 that will expire on September 7, 2025, so the company filed a prospectus supplement under its 2025 automatic shelf registration statement to continue registering the offering of those remaining shares.

Did the terms of indie Semiconductor's Sales Agreement change materially?

The company and the sales agents amended the Sales Agreement only to update references from the 2022 registration statement to the 2025 registration statement, and the filing notes that all other material terms remain unchanged.

Who are the sales agents for indie Semiconductor's ATM offering?

The sales agents named in the filing are B. Riley Securities, Inc., Craig-Hallum Capital Group LLC, and Roth Capital Partners, LLC.