Summary by Futu AI
Investissement Québec (IQ) has filed an amendment to Schedule 13D with the United States Securities and Exchange Commission, reflecting changes in its investment in LeddarTech Holdings Inc. The amendment, dated August 26, 2024, reports on IQ's participation in a bridge financing offer accepted by LeddarTech on August 16, 2024. The bridge financing, totaling US$9,000,000, is intended to support LeddarTech with necessary cash for follow-on offerings on the Nasdaq Global Market. IQ provided a bridge loan of US$3,000,000 to LeddarTech, with US$2,000,000 disbursed on August 19, 2024, and the potential for an additional US$1,000,000 upon meeting certain conditions. The loan is convertible into common shares, potentially increasing IQ's ownership stake in LeddarTech. Prior to the bridge financing offer, IQ held a 14.82% ownership in LeddarTech...Show More