Core Points - LeddarTech Holdings Inc. has received a notification from Nasdaq indicating that it did not meet the minimum bid price requirement of US$1.00 per share for continued listing on the Nasdaq Capital Market over a 30-day period from February 4, 2025, to March 18, 2025 [1] - The company has a 180-day period to regain compliance with the listing requirement [1][2] - The letter does not have an immediate effect on the trading of the company's shares, which will continue to be listed under the symbol "LDTC" [3] Company Overview - LeddarTech is an automotive software company founded in 2007, headquartered in Quebec City, with additional R&D centers in Montreal and Tel Aviv [5] - The company specializes in AI-based low-level sensor fusion and perception software solutions for advanced driver-assistance systems (ADAS), autonomous driving (AD), and parking applications [5] - LeddarTech holds over 170 patent applications, with 87 granted, focusing on enhancing ADAS, AD, and parking capabilities [6] Technology and Market Position - The company's technology utilizes advanced AI and computer vision algorithms to create accurate 3D models of the environment, improving decision-making and navigation safety [5] - LeddarTech aims to become the most widely adopted sensor fusion and perception software solution in the automotive industry [6]
LeddarTech Announces Receipt of Nasdaq Deficiency Notice