Summary by Futu AI
LeddarTech Holdings Inc., listed on the Nasdaq Global Market under the symbol LDTC, has filed a prospectus supplement on August 6, 2024, to update, amend, and supplement information contained in previous prospectuses with new details from its Report of Foreign Private Issuer on Form 6-K. The company has announced a primary offering of over 24 million common shares, warrants, and shares underlying warrants and convertible notes, as well as secondary offerings totaling over 60 million common shares. Additionally, LeddarTech has entered into an Eleventh Amending Agreement with Fédération des caisses Desjardins du Québec (Desjardins) to amend the terms of its credit facility, including a temporary reduction of the Minimum Cash Covenant and postponement of interest payments. The company is also addressing compliance issues with Nasdaq's minimum bid price and market value requirements, with deadlines set for January and February 2025 to regain compliance or face potential delisting. LeddarTech is actively seeking financing to meet near-term obligations and is in discussions with principal shareholders and potential investors.