Summary by Futu AI
On July 26, 2024, LeddarTech Holdings Inc. entered into an agreement with Fédération des caisses Desjardins du Québec to amend the terms of their existing credit facility. The amendment, known as the Tenth Amending Agreement, temporarily reduces the company's required minimum cash balance to C$1.3 million until August 5, 2024, after which the minimum cash balance requirement will increase to C$5.0 million. This waiver follows a previous amendment announced on July 5, 2024, which set different minimum cash balance requirements through July 26, 2024. The company is also actively engaged in discussions to secure additional financing from principal shareholders and potential investors, which may help meet near-term obligations and support the company's larger financing goals. However, there is no guarantee that these efforts will result in additional investment or that the financing transaction will be completed. The details of the Tenth Amending Agreement are included in Exhibit 10.1 attached to the report.