LeddarTech Announces Intention to File under the Bankruptcy and Insolvency Act in Canada
17 6월 2025 - 11:54AM
LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq:
LDTC), an AI-powered software company recognized for its innovation
in advanced driver assistance systems (ADAS) and autonomous driving
(AD), today announces that, further to its press release dated June
11, 2025, it intends on making an assignment into bankruptcy
pursuant to the Bankruptcy and Insolvency Act (Canada) (the “BIA”).
After careful consideration of all available
alternatives, including undertaking a strategic review which was
unsuccessful in identifying a suitable acquirer or commercial
partner or raising sufficient capital, as well as further to the
Company having received a notice of default under its bridge
financing offer entered into with certain bridge lenders, the board
of directors of the Company has determined that it was in the best
interest of the Company and its stakeholders to make an assignment
into bankruptcy under the BIA as soon as reasonably practicable.
The Company expects that Raymond Chabot Inc., a licensed insolvency
trustee, will be appointed as the trustee under the BIA
proceedings.
In connection with the BIA proceedings, each
member of the board of directors of the Company will resign
effective upon the assignment under the BIA.
As was disclosed in its June 11, 2025 press
release, the Company does not expect to resume active operations
and cautions investors that there is significant risk that holders
of our securities will receive little to no value under the BIA
proceedings.
Further announcements regarding the status of
the Company’s BIA proceedings will be made as developments warrant.
Additional information with respect to the BIA proceedings will be
available in due course on Raymond Chabot Inc.’s website.
The Company expects that its common shares and
warrants trading on the Nasdaq will be halted as a result of the
BIA proceedings. The Company anticipates that it will ultimately be
delisted from the Nasdaq.
About
LeddarTech
A global software company founded in 2007 and
headquartered in Quebec City with additional R&D centers in
Montreal and Tel Aviv, Israel, LeddarTech develops and provides
comprehensive AI-based low-level sensor fusion and perception
software solutions that enable the deployment of ADAS, autonomous
driving (AD) and parking applications. LeddarTech’s
automotive-grade software applies advanced AI and computer vision
algorithms to generate accurate 3D models of the environment to
achieve better decision making and safer navigation. This
high-performance, scalable, cost-effective technology is available
to OEMs and Tier 1-2 suppliers to efficiently implement automotive
and off- road vehicle ADAS solutions.
LeddarTech is responsible for several
remote-sensing innovations, with over 190 patent applications (112
granted) that enhance ADAS, AD and parking capabilities. Better
awareness around the vehicle is critical in making global mobility
safer, more efficient, sustainable and affordable: this is what
drives LeddarTech to seek to become the most widely adopted sensor
fusion and perception software solution.
Additional information about LeddarTech is accessible at
www.leddartech.com and on LinkedIn, Twitter (X), Facebook and
YouTube.
Forward-Looking
Statements
Certain statements contained in this Press
Release may be considered forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended
(which forward-looking statements also include forward-looking
statements and forward-looking information within the meaning of
applicable Canadian securities laws). Forward-looking statements
generally include statements that are predictive in nature and
depend upon or refer to future events or conditions, and include
words such as “may,” “will,” “should,” “would,” “expect,”
“anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,”
“intend” and other similar expressions among others.
Forward-looking statements in this press release include, without
limitation, statements regarding the issuance of cease trade
orders, the BIA proceedings, and the potential for shareholder
value recovery. Statements that are not historical facts are
forward-looking statements. Forward-looking statements are based on
current beliefs and assumptions that are subject to risks and
uncertainties, including the risk factors as detailed from time to
time in LeddarTech’s reports filed with the U.S. Securities and
Exchange Commission (the “SEC”), including the risk factors
contained in LeddarTech’s Form 20-F filed with the SEC. The
foregoing list of important factors is not exhaustive. Except as
required by applicable law, LeddarTech does not undertake any
obligation to revise or update any forward-looking statement, or to
make any other forward-looking statements, whether as a result of
new information, future events or otherwise.
Contact:Chris Stewart, Chief Financial Officer,
LeddarTech Holdings Inc.Tel.: + 1-514-427-0858,
chris.stewart@leddartech.com
- Investor
relations website: investors.leddartech.com
Leddar, LeddarTech, LeddarVision, LeddarSP,
VAYADrive, VayaVision and related logos are trademarks or
registered trademarks of LeddarTech Holdings Inc. and its
subsidiaries. All other brands, product names and marks are or may
be trademarks or registered trademarks used to identify products or
services of their respective owners.
LeddarTech Holdings Inc. is a public company
listed on the Nasdaq under the ticker symbol “LDTC.”
LeddarTech (NASDAQ:LDTC)
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부터 6월(6) 2025 으로 7월(7) 2025
LeddarTech (NASDAQ:LDTC)
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부터 7월(7) 2024 으로 7월(7) 2025