INDI is trading about 5.7% down at $3.82 after announcing that co-founder and president Dr. Ichiro Aoki will resign and leave the board as part of a phased retirement plan effective June 29, 2026.
- Former CFO Thomas Schiller is set to join the board, though the appointment has failed to offset investor concerns regarding the leadership change.
- The stock's decline is being exacerbated by a broader risk-off tone across the technology sector during pre-market trading.