Core Points - LeddarTech Holdings Inc. has received a determination letter from Nasdaq indicating that its securities will be suspended from trading on June 24, 2025, and subsequently delisted due to concerns related to its filing under the Bankruptcy and Insolvency Act (BIA) [1][2][3] - The company filed under the BIA on June 18, 2025, leading to the resignation of its board of directors [4] - LeddarTech is recognized for its AI-powered software solutions in advanced driver assistance systems (ADAS) and autonomous driving (AD), with over 190 patent applications [5][6] Company Overview - Founded in 2007 and headquartered in Quebec City, LeddarTech specializes in AI-based low-level sensor fusion and perception software for ADAS and autonomous driving applications [5] - The company's technology aims to enhance vehicle awareness, making global mobility safer and more efficient [6] - LeddarTech's software is designed for OEMs and Tier 1-2 suppliers, facilitating the implementation of automotive and off-road vehicle ADAS solutions [5]
LeddarTech Received Notice from Nasdaq Regarding Delisting and Announces Filing under the Bankruptcy and Insolvency Act in Canada