LeddarTech Holdings Inc. has announced an offering of up to 18,181,818 Units at a public offering price of US$0.55 per unit, with each unit comprising one common share or one pre-funded warrant, and one warrant to purchase one common share. The offering, based on the closing price of common shares on Nasdaq as of August 15, 2024, is expected to close around August 2024. Maxim Group LLC is serving as the exclusive placement agent on a best-efforts basis. The securities will be offered at a fixed price for a single closing. LeddarTech will pay a 7.0% cash transaction fee to the placement agent and reimburse up to US$120,000 in expenses, with additional offering expenses estimated at US$350,000. Officers, directors, and principal shareholders are...Show More

LeddarTech Holdings Inc. has announced an offering of up to 18,181,818 Units at a public offering price of US$0.55 per unit, with each unit comprising one common share or one pre-funded warrant, and one warrant to purchase one common share. The offering, based on the closing price of common shares on Nasdaq as of August 15, 2024, is expected to close around August 2024. Maxim Group LLC is serving as the exclusive placement agent on a best-efforts basis. The securities will be offered at a fixed price for a single closing. LeddarTech will pay a 7.0% cash transaction fee to the placement agent and reimburse up to US$120,000 in expenses, with additional offering expenses estimated at US$350,000. Officers, directors, and principal shareholders are subject to a 45-day lock-up period, with potential release at the placement agent's discretion. The common shares and public warrants are listed on Nasdaq under the symbols 'LDTC' and 'LDTCW,' respectively. The offering includes registration rights, indemnification agreements, and is subject to Canadian and U.S. federal income tax considerations, without any IRS rulings sought by the company. LeddarTech is compliant with the Exchange Act's informational requirements for foreign private issuers and submits reports to the SEC. The company's financial statements for the year ended September 30, 2023, were audited by Richter LLP, and for the two preceding years by Ernst & Young LLP.