BUZZ-Indie Semiconductor tumbles after convertible debt offering unveiled

Reuters12-03

Dec 2 - ** Indie Semiconductor Inc's INDI.O shares down 18% at $4.33 post-market after announcing convertible securities offering

** Aliso Viejo, Calif.,-based co, which focuses on sensors for Advanced Driver Assistance Systems (ADAS), offering privately $175 mln 5-yr convertible bonds

** Co says plans to use net proceeds to pay for capped calls, rest for working capital and general purposes, and potential acquisitions, though no agreements for acquisitions exist at this time

** INDI shares on Mon finished up 1% at $5.28, giving co ~$1.07 bln market value

** Stock has gained 51% over the past month. Still, shares are down 35% YTD vs the Nasdaq's .IXIC 29% advance

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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