Core Points - LeddarTech Holdings Inc. has entered into significant amendments to its credit facility and bridge financing agreements, requiring the company to develop a refinancing or recapitalization plan by May 23, 2025 [1][7] - The company has received a Nasdaq deficiency notice indicating it did not meet the minimum market value of listed securities requirement of US$35 million, with a 180-day period to regain compliance [4][5] Financial Agreements - The Seventeenth Amending Agreement includes a monthly payment of C$125,000 to Desjardins until the Short-Term Outside Date, which is set for May 23, 2025 [2][7] - Interest payments for the months of July through December 2024 have been postponed until the earlier of the final disbursement of equity investments totaling at least US$35 million or May 23, 2025 [7] Nasdaq Compliance - LeddarTech is actively monitoring its market value to regain compliance with Nasdaq listing requirements, following a previous non-compliance notice regarding the minimum bid price of US$1.00 per share [5][6] - The deficiency notice does not immediately affect the trading status of LeddarTech's shares on the Nasdaq [6] Company Overview - LeddarTech is an automotive software company specializing in AI-powered sensor fusion and perception software, with a focus on advanced driver-assistance systems (ADAS) and autonomous driving applications [9][10] - The company has over 170 patent applications, with 87 granted, aimed at enhancing vehicle awareness and safety [10]
LeddarTech Enters Into Further Amendments to Credit Facility and Bridge Financing Offer and Announces Receipt of Nasdaq Deficiency Notice