indie Semiconductor, Inc. (INDI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
INDI currently has 199M outstanding shares. with significant dilution risk as 164M authorized shares could dilute existing holders by 82.0%. The company has diluted shareholders by 18.94% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Nov 07, 2025 |
10-Q filing | 199.3M shares outstanding |
200M | 160M |
| Aug 08, 2025 |
10-Q filing | 195.4M shares outstanding |
200M | 160M |
| May 12, 2025 |
10-Q filing | 191.5M shares outstanding |
190M | 160M |
| Mar 03, 2025 |
10-K filing | 175.0M shares outstanding |
180M | 160M |
| Nov 08, 2024 |
10-Q filing | 179.5M shares outstanding |
180M | 160M |
| Aug 09, 2024 |
10-Q filing | 170.2M shares outstanding |
170M | 160M |
| May 10, 2024 |
10-Q filing | 164.6M shares outstanding |
160M | 160M |
| Mar 21, 2024 |
S-3 filing: This S-3 filing relates to a secondary offering of up to 525,000 shares of Class A common stock by a selling securityholder. |
160M | 160M |
| Feb 29, 2024 |
10-K filing | 164.5M shares outstanding |
160M | 160M |
| Nov 13, 2023 |
10-Q filing | 147.0M shares outstanding |
150M | 160M |
| Nov 09, 2023 |
8-K filing: Indie completed an exchange offer, issuing 7,027,517 shares of Class A common stock for 24,658,461 warrants, and subsequently issued 703,176 shares for the remaining 2,741,426 untendered warrants. |
140M | 160M |
| Oct 25, 2023 |
8-K filing: Indie Semiconductor, Inc. closed its offer and consent solicitation relating to its outstanding warrants and will exchange all remaining untendered warrants for Class A common stock at an exchange ratio of 0.2565 shares of Class A common stock for each warrant, with November 9, 2023 as the exchange date. |
140M | 160M |
| Sep 18, 2023 |
8-K filing: Indie Semiconductor, Inc. completed the acquisition of Exalos AG and issued approximately 6.6 million shares of Common Stock at closing, with the potential to issue additional shares up to $20 million based on earnout targets. |
140M | 160M |
| Sep 18, 2023 |
S-3 filing: This is an S-3 filing for a secondary offering of up to 10,070,008 shares of Class A common stock by selling securityholders. |
140M | 160M |
| Aug 11, 2023 |
10-Q filing | 142.0M shares outstanding |
140M | 150M |
| May 15, 2023 |
10-Q filing | 131.5M shares outstanding |
130M | 150M |
| Mar 31, 2023 |
S-3/A filing: This is an S-3/A filing for a secondary offering of up to 20,481,660 shares of Class A common stock by selling securityholders. |
140M | 150M |
| Mar 28, 2023 |
10-K filing | 140.3M shares outstanding |
140M | 150M |
| Mar 14, 2023 |
S-3 filing: This is an S-3 filing for a secondary offering of up to 20,481,660 shares of Class A common stock by selling securityholders. |
120M | 150M |
| Mar 03, 2023 |
8-K filing: Indie issued approximately 9.4 million shares of Common Stock at the closing of the Merger and may issue up to a maximum of approximately 10.6 million shares of Common Stock to the then existing securityholders of GEO assuming full achievement of the earnout targets. |
120M | 130M |
| Feb 22, 2023 |
8-K filing: indie Semiconductor, Inc. acquired Silicon Radar GmbH through its subsidiary Symeo GmbH, with consideration including $9 million in cash and approximately 980,000 shares of Class A common stock. |
120M | 130M |
| Nov 21, 2022 |
8-K filing: Indie Semiconductor, Inc. sold $160 million aggregate principal amount of 4.500% Convertible Senior Notes due 2027 and concurrently repurchased approximately 1.1 million shares of common stock for approximately $7.4 million in privately negotiated transactions. ($7.4M proceeds) |
120M | 130M |
| Nov 14, 2022 |
10-Q filing | 120.5M shares outstanding |
120M | 130M |
| Aug 26, 2022 |
S-3 filing: The filing is for a shelf offering of common stock, preferred stock, debt securities, warrants, rights, and units with an aggregate initial offering price not to exceed $300,000,000. A portion of the common stock is being offered at the market |
120M | 130M |
| Aug 12, 2022 |
10-Q filing | 117.0M shares outstanding |
120M | 130M |
| Jul 05, 2022 |
S-3 filing: This S-3 filing indicates a secondary offering of 94,881,534 shares of Class A Common Stock and 10,150,000 Warrants to Purchase Class A Common Stock, as well as the issuance of up to 27,400,000 shares of Class A common stock upon exercise of warrants. |
110M | 130M |
| May 13, 2022 |
10-Q filing | 111.2M shares outstanding |
110M | 0 |
| Apr 14, 2022 |
POS AM filing: This POS AM filing relates to an offering of Class A common stock by selling securityholders. The company will not receive any proceeds from the sale of these shares. |
110M | 0 |
| Apr 14, 2022 |
POS AM filing: This prospectus relates to the issuance by us of the shares of Class A common stock issuable upon the exercise of warrants. |
110M | 0 |
| Apr 11, 2022 |
10-K filing | 113.2M shares outstanding |
110M | 41M |
| Feb 09, 2022 |
S-1/A filing: This S-1/A filing relates to an offering of Class A common stock by selling securityholders of indie Semiconductor, Inc. |
140M | 41M |
| Jan 21, 2022 |
S-1/A filing: This S-1/A filing relates to the offering of Class A common stock by selling securityholders of indie Semiconductor, Inc. |
140M | 41M |
| Dec 22, 2021 |
S-1/A filing: This S-1/A filing registers Class A common stock for resale by selling stockholders and also covers an indeterminate number of additional shares of Class A common stock and warrants to purchase Class A common stock that may be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions. |
140M | 200M |
| Nov 22, 2021 |
S-1 filing: This S-1 filing registers Class A common stock and warrants for indie Semiconductor, Inc., covering potential dilution from stock splits, resale of shares from the TeraXion acquisition, and includes details on outstanding shares and risk factors. |
100M | 29M |
| Nov 15, 2021 |
S-1 filing: This S-1 filing includes the registration of Class A common stock for resale by selling stockholders and an indeterminate number of additional shares of Class A common stock and warrants for anti-dilution purposes. |
100M | 23M |
| Nov 12, 2021 |
10-Q filing | 96.4M shares outstanding |
96M | 17M |
| Oct 25, 2021 |
8-K filing: indie Semiconductor, Inc. entered into a Share Purchase Agreement with ADI to purchase all of the outstanding capital stock of Symeo GmbH for up to $30.0 million, with a portion payable in indie Class A common stock based on revenues earned in subsequent periods. |
96M | 17M |
| Oct 15, 2021 |
8-K filing: Indie Semiconductor, Inc. completed the acquisition of TeraXion Inc. and issued 5,805,144 shares of Class A common stock to TeraXion stockholders as part of the consideration. |
96M | 17M |
| Sep 02, 2021 |
8-K filing: Indie Semiconductor, Inc. will acquire TeraXion, Inc. by issuing approximately 7,926,000 shares of Class A common stock valued at US$10 per share, along with cash, to TeraXion stockholders as part of the acquisition, subject to adjustments and regulatory approvals. ($79.3M proceeds) |
96M | 17M |
| Aug 13, 2021 |
10-Q filing | 96.2M shares outstanding |
96M | 17M |
| Jul 02, 2021 |
S-1 filing: This is an S-1 filing for a secondary offering of Class A common stock and warrants to purchase Class A common stock, as well as the issuance of Class A common stock upon the exercise of outstanding public warrants. |
N/A | 17M |
| Jun 16, 2021 |
8-K filing: Indie Semiconductor, Inc. consummated a PIPE Financing involving the issuance of 15,000,000 shares of Class A common stock at $10.00 per share, resulting in gross proceeds of $150.0 million. ($150.0M proceeds) |
N/A | 0 |