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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.