Core Insights - LeddarTech Holdings Inc. has entered into a Ninth Amending Agreement with Desjardins, temporarily reducing the Minimum Cash Covenant from C$5.0 million to C$3.5 million and then to C$1.8 million for specified periods [1] - The company has received indications of interest from principal shareholders to invest up to US$9.7 million, contingent upon raising outside capital through a proposed financing transaction [2] - LeddarTech specializes in AI-based low-level sensor fusion and perception software for ADAS, autonomous driving, and parking applications, with a focus on enhancing vehicle awareness and safety [4][5] Financial and Operational Details - The Minimum Cash Covenant will revert to C$5.0 million after July 26, 2024, following the temporary reductions [1] - The indications of interest from shareholders are not binding, and there is uncertainty regarding the completion of the proposed financing transaction [2] - LeddarTech holds over 150 patent applications, with 80 granted, aimed at improving ADAS and autonomous driving capabilities [5]
LeddarTech Obtains Waiver Under Credit Facility