Thunder Bridge Acquisition II, LTD
Completed 2021-06-10- CIK 1769318
- THBR
- Now INDI
- IPO 2019-08-09
- $350M trust
- 88 filings
Successfully merged with indie Semiconductor (Ay Dee Kay LLC d/b/a indie Semiconductor) • Now trading as INDI
- IPO Size
- $345M
- raised at the IPO
- Trust
- $350M
- as of 2021-03-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2019
- year it listed
Filings, by quarter
88 filings over 10 quarters; violet bars carry a milestone
- 19 Q1: 2 filings
- 19 Q2: 4 filings
- 19 Q3: 21 filings
- 19 Q4: 4 filings
- 20 Q1: 8 filings
- 20 Q2: 1 filing
- 20 Q3: 2 filings
- 20 Q4: 7 filings
- 21 Q1: 11 filings
- 21 Q2: 28 filings
- S-1 filed 19 Q1
- IPO 19 Q3
- Definitive agreement 20 Q4
- Completed 21 Q2
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Thunder Bridge Acquisition II, Ltd. is a newly incorporated blank-check company seeking an initial business combination. It intends to focus on established businesses in financial services, including asset and wealth management, lending and leasing, and financial technology, while retaining the ability to pursue other industries.
Investment Focus
Financial Services, Asset Management, FinTech
Key Information
As the filings state it
- IPO Date
- 2019-08-09
- PIPE
- $150M
- Jurisdiction of Incorporation
- Cayman Islands
- SIC
- 6770
- Completion Date
- 2021-06-10
- Merger Target
- indie Semiconductor (Ay Dee Kay LLC d/b/a indie Semiconductor)
- SPAC Ticker
- THBR
- Merged Ticker
- INDI
Stock Performance
INDITrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2019-10-04 | $9.77 | |
| At Merger | 2021-06-11 | $10.76 | +10% |
| 6 Months Post-Merger | 2021-12-13 | $11.90 | +11% |
| 1 Year Post-Merger | 2022-06-13 | $6.37 | -41% |
| 2 Years Post-Merger | 2023-06-12 | $10.29 | -4% |
| Current Price | 2026-10-09 | $2.60 | -73% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team has financial services, banking, asset and fund management, FinTech, private/public equity, operating, and M&A experience. Several members previously served as officers or directors of Thunder Bridge Acquisition, Ltd., which completed a business combination with Repay; the team also includes experienced finance and technology executives and directors.