share_log

424B3: Prospectus

SEC ·  Aug 6 20:38

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 and amend its previous prospectuses related to a primary offering of common shares and warrants, as well as secondary offerings. The update includes information from the Report of Foreign Private Issuer on Form 6-K furnished to the SEC on the same date. The company has entered into an Eleventh Amending Agreement with Fédération des caisses Desjardins du Québec, modifying the terms of the existing Desjardins Credit Facility. This amendment, dated August 5, 2024, temporarily reduces the Minimum Cash Covenant and postpones interest payments for July through October 2024. LeddarTech is also addressing compliance issues with Nasdaq's minimum bid price and market value requirements, having received notifications of non-compliance. The company has until January 25, 2025, and February 3, 2025, to regain compliance with the bid price and market value requirements, respectively, or face potential delisting. The company is actively monitoring its share performance and considering options to regain compliance.
LeddarTech Holdings Inc., listed on the Nasdaq Global Market under the symbol LDTC, has filed a prospectus supplement on August 6, 2024, to update and amend its previous prospectuses related to a primary offering of common shares and warrants, as well as secondary offerings. The update includes information from the Report of Foreign Private Issuer on Form 6-K furnished to the SEC on the same date. The company has entered into an Eleventh Amending Agreement with Fédération des caisses Desjardins du Québec, modifying the terms of the existing Desjardins Credit Facility. This amendment, dated August 5, 2024, temporarily reduces the Minimum Cash Covenant and postpones interest payments for July through October 2024. LeddarTech is also addressing compliance issues with Nasdaq's minimum bid price and market value requirements, having received notifications of non-compliance. The company has until January 25, 2025, and February 3, 2025, to regain compliance with the bid price and market value requirements, respectively, or face potential delisting. The company is actively monitoring its share performance and considering options to regain compliance.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.