LeddarTech Holdings Inc. has submitted responses to the United States Securities and Exchange Commission (SEC) regarding comments on its Registration Statement on Form F-1, initially filed on February 13, 2024. The company, on April 12, 2024, filed the first amendment to the F-1 Registration Statement, addressing the SEC's comments from March 8, 2024. The SEC's inquiries pertained to the details of the primary offering and resale of shares, including the number of shares being registered, the exercise of Public Warrants, conversion of secured convertible notes, and the automatic conversion of Company Earnout Non-Voting Special Shares. LeddarTech clarified the registration of shares for resale on behalf of selling securityholders, the exercise prices of warrants compared to market prices, and the potential impact of share...Show More

LeddarTech Holdings Inc. has submitted responses to the United States Securities and Exchange Commission (SEC) regarding comments on its Registration Statement on Form F-1, initially filed on February 13, 2024. The company, on April 12, 2024, filed the first amendment to the F-1 Registration Statement, addressing the SEC's comments from March 8, 2024. The SEC's inquiries pertained to the details of the primary offering and resale of shares, including the number of shares being registered, the exercise of Public Warrants, conversion of secured convertible notes, and the automatic conversion of Company Earnout Non-Voting Special Shares. LeddarTech clarified the registration of shares for resale on behalf of selling securityholders, the exercise prices of warrants compared to market prices, and the potential impact of share sales on the public trading price of the Common Shares. The company also expanded its discussion on capital resources, addressing changes in liquidity since the business combination, and the potential effect of substantial share resales on its ability to raise additional capital. Furthermore, LeddarTech provided details on the acquisition of shares by selling securityholders and the relationship with Interest Solutions LLC, including the issuance of shares for consulting services and its affiliate's status as a broker-dealer. The company's Chief Legal Officer, David Torralbo, signed off on the correspondence with the SEC.