Summary by Futu AI
LeddarTech Holdings Inc., listed on the Nasdaq under the symbol LDTC, has filed a prospectus supplement on July 29, 2024, updating its previous prospectuses related to a primary offering of common shares and warrants. The supplement includes information from the company's Report of Foreign Private Issuer on Form 6-K, which was furnished to the SEC on the same date. The report details an amendment to the company's credit facility with Fédération des caisses Desjardins du Québec, temporarily reducing the required minimum cash balance to C$1.3 million from July 26, 2024, through August 5, 2024. After this period, the company must maintain a minimum cash balance of C$5.0 million. The amendment comes as the company continues discussions with principal shareholders and potential investors to secure financing to meet near-term obligations and pursue larger financing options. The last reported sale price of LeddarTech's common shares was $0.76 per share, and the warrants were priced at $0.03 per warrant as of July 26, 2024.
