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LeddarTech Enters Into Further Amendments to Credit Facility and Bridge Financing Offer and Announces Receipt of Nasdaq Deficiency Notice
GlobeNewswire News Room· 2025-04-01 11:30
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 to Demonstrate Advanced ADAS Sensor Fusion and Perception Solutions at Auto Shanghai 2025
GlobeNewswire News Room· 2025-03-31 23:30
Core Insights - LeddarTech Holdings Inc. is participating in Auto Shanghai 2025 to showcase its AI-powered low-level sensor fusion and perception software technology, LeddarVision, aimed at enhancing ADAS and autonomous driving applications [1][2][4] 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 ADAS, autonomous driving, and parking applications [5][6] - LeddarTech holds over 170 patent applications, with 87 granted, focusing on enhancing ADAS, autonomous driving, and parking capabilities [6] Product and Technology - LeddarTech will demonstrate its latest innovations in sensor fusion technology powered by the Texas Instruments TDA4 processor platform at Auto Shanghai 2025 [3] - The LeddarVision software improves object detection, situational awareness, and driving automation, providing a live demonstration ride in the LeddarNavigator vehicle [2][3] Market Position - China is identified as a rapidly growing market for ADAS and autonomous driving technology, with LeddarTech's solutions aimed at helping OEMs and Tier 1 suppliers enhance safety and driving intelligence [4] - The collaboration with Texas Instruments is designed to optimize performance and cost, addressing challenges in the Chinese automotive market [3][4]
LeddarTech Announces Receipt of Nasdaq Deficiency Notice
Globenewswire· 2025-03-21 20:30
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]