share_log

424B3: Prospectus

SEC ·  Aug 6 20:43

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 their existing credit facility. This amendment adjusts the minimum cash balance requirements 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, with deadlines set for January and February 2025 to regain compliance or face potential delisting. The company is actively seeking financing to meet near-term obligations and maintain compliance with Nasdaq's listing requirements.
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 their existing credit facility. This amendment adjusts the minimum cash balance requirements 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, with deadlines set for January and February 2025 to regain compliance or face potential delisting. The company is actively seeking financing to meet near-term obligations and maintain compliance with Nasdaq's listing requirements.

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