Indie Semiconductor shares surge 11.06% after-hours following new investment by Trellus Management.

indie Semiconductor surged 11.06% in after-hours trading following the announcement of a warrant exchange offer and consent solicitation on September 22. The move aligns with renewed institutional confidence, including a new $4.29 million investment by Lisanti Capital and a $303,000 allocation by Jump Financial earlier in August. Analysts also contributed to the bullish momentum, with Roth Mkm and Benchmark reiterating "Buy" ratings on September 20. Additionally, the company’s strategic acquisition of EXALOS for $45 million on September 18 underscored its expansion in high-growth autotech markets, reinforcing long-term growth narratives highlighted in recent coverage. The warrant restructuring, combined with analyst upgrades and strategic investments, likely drove the sharp post-market rally.