QUEBEC CITY, Canada, May 14, 2025 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an AI-powered software company recognized for its innovation in advanced driver assistance systems (ADAS) and autonomous driving (AD), is pleased to announce the launch of LeddarSim™, a next-generation simulation platform purposely built to reduce the gap between virtual testing and real-world deployment. LeddarSim redefines the standards of ADAS and AD development by closing the long-standing simu ...

QUEBEC CITY, April 30, 2025 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-powered low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, announced today that it plans to release its second quarter 2025 financial results before the market opens on Wednesday, May 14, 2025. It will host an Investor and Business Update conference call and webcast on the sa ...

QUEBEC CITY, Canada, April 01, 2025 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. ("LeddarTech") (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI- powered low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has entered into: The Seventeenth Amending Agreement to the Desjardins Credit Facility and the Fifth Amending Agreement to the Bridge Financing Offer also provide that LeddarTech must initiate and produce a plan at the sati ...

QUEBEC CITY, Canada, April 01, 2025 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. ("LeddarTech") (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI- powered low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, announces its participation at Auto Shanghai 2025, taking place from April 23 to May 2, 2025. LeddarTech will be exhibiting at Booth # 1BG040 in Hall 1.2, where its team will engage with customers and industr ...

Core Points - LeddarTech Holdings Inc. held its annual general and special meeting of shareholders on March 26, 2025, where various proposals were voted on and directors were elected to the board [1] Group 1: Election of Directors - A full slate of six directors was elected to serve until the next annual meeting or until a successor is appointed [2] - The voting results for each nominee showed high approval rates, with Frantz Saintellemy receiving 99.69% of votes for, and Derek Aberle receiving 99.88% [3] Group 2: Approval of Auditor - Richter LLP was approved as the auditors for the Corporation, with 99.81% of votes in favor [4][5] Group 3: Amendments to Equity-Based Incentive Plan - An amendment to increase the number of common shares available for issuance under the omnibus equity-based incentive plan was approved, receiving 98.62% of votes for [6][7] - A second amendment for the adoption of an evergreen provision, allowing for an automatic annual increase in common shares over the next five years, was also approved, with 70.51% of votes for [7][8]

QUEBEC CITY, Canada, March 21, 2025 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-powered low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC indicating that, based upon the closing bid price of the Company’s common shares for the 30 consecutive busines ...

Company Overview - LeddarTech Holdings Inc. is an automotive software company specializing in AI-based low-level sensor fusion and perception software technology, known as LeddarVision™ [1][3] - The company was founded in 2007 and is headquartered in Quebec City, with additional R&D centers in Montreal and Tel Aviv, Israel [3] - LeddarTech develops solutions that enable the deployment of Advanced Driver Assistance Systems (ADAS), autonomous driving (AD), and parking applications [3] Financial Agreements - LeddarTech has entered into the Sixteenth Amending Agreement with Desjardins, which includes a monthly payment of C$125,000 until the Short-Term Outside Date, set for March 31, 2025 [1][7] - The agreement postpones the payment of monthly fees for August 2024 through January 2025 to the earlier of the Short-Term Outside Date or March 31, 2025 [1][7] - The minimum cash covenant under the Desjardins Credit Facility has been increased to C$7,000,000 [7] Innovations and Patents - LeddarTech holds over 170 patent applications, with 87 granted, focusing on enhancing ADAS, AD, and parking capabilities [4] - The company's technology aims to improve vehicle awareness, contributing to safer, more efficient, and sustainable global mobility [4] Market Position and Strategy - LeddarTech seeks to become the most widely adopted sensor fusion and perception software solution in the automotive industry [4] - The company applies advanced AI and computer vision algorithms to create accurate 3D models of the environment, facilitating better decision-making and safer navigation [3]

Core Insights - LeddarTech is expanding its presence in Europe by participating in three major industry events in March and April 2025, showcasing its AI-based sensor fusion and perception software technology, LeddarVision, aimed at enhancing automotive safety and efficiency [1][2][6] Event Highlights - At Embedded World, LeddarTech will demonstrate advancements in perception and sensor fusion, contributing to the SOAFEE ecosystem with adaptable solutions utilizing Arm technology on AWS G5g [3] - Tech.AD Europe will feature live demonstrations of LeddarNavigator, allowing participants to experience the real-time performance of LeddarVision "Full Surround" (LVS-2+), building on its recognition from CES 2025 [4] - Hannover Messe 2025 will see LeddarTech as part of the Canadian delegation, showcasing innovations through 360° virtual reality demonstrations and engaging with industry leaders [5] Company Developments - LeddarTech recently achieved a significant milestone by being selected by a global commercial vehicle OEM for its ADAS program in model year 2028 vehicles, reinforcing its commitment to technological excellence [2][6] - The company has over 170 patent applications, with 87 granted, focusing on enhancing ADAS, autonomous driving, and parking capabilities [11] - LeddarTech's technology aims to improve global mobility by making it safer, more efficient, sustainable, and affordable [11]

Core Viewpoint - LeddarTech Holdings Inc. has been selected by a leading global commercial vehicle manufacturer to provide its LeddarVision software for advanced driver assistance systems (ADAS) in their 2028 model, marking a significant milestone for the company [1][2]. Group 1: Company Developments - LeddarTech's LeddarVision technology stands out due to its performance and efficiency in multi-modal sensor systems, including cameras and radar, and its adaptability to various vehicle types and sensor configurations [2]. - The company anticipates starting to generate engineering service revenue from this design in 2025 and expects to receive royalties per vehicle by the end of 2027 [2]. - The recent collaboration with a major commercial vehicle OEM follows a previous agreement with Texas Instruments, indicating a shift in the industry towards low-level fusion models pioneered by LeddarTech [2]. Group 2: Technology and Innovation - LeddarVision provides an environmental template that enhances driver safety and enables higher levels of autonomy, utilizing advanced AI and sensor fusion technologies [2]. - The company has filed over 170 patents related to remote sensing innovations, with 87 granted, aimed at improving ADAS, automated driving, and parking functionalities [3]. - LeddarTech's software applications leverage AI and computer vision algorithms to create accurate 3D environmental models, facilitating better decision-making and safer navigation [3]. Group 3: Market Position - LeddarTech aims to become the most widely adopted sensor fusion and perception software solution, driven by the need for safer, more efficient, and sustainable global transportation [3].

Financial Performance - Net loss for the three months ended December 31, 2024, was CAD 26,468,384, compared to a net loss of CAD 60,443,759 for the same period in 2023, indicating a 56.2% improvement[12]. - For the three months ended December 31, 2024, LeddarTech reported a net loss of $26,468,384, a significant improvement from a net loss of $60,443,759 in the same period of 2023, representing a reduction of approximately 56%[16]. - The company reported a net loss attributable to equity holders of CAD 26,468,384 for the three months ended December 31, 2024, compared to CAD 60,141,447 in the prior year[106]. - The basic and diluted loss per common share for the three months ended December 31, 2024, was CAD 0.84, compared to CAD 16.76 for the same period in 2023[106]. - For the three months ended December 31, 2024, the loss from continuing operations attributable to equity holders of the parent was CAD 27,012,664, a significant improvement from CAD 61,188,116 in the same period of 2023[106]. Assets and Liabilities - Total assets increased to CAD 32,126,519 as of December 31, 2024, up from CAD 18,927,222 on September 30, 2024, representing a growth of 69.5%[5]. - Total current liabilities rose to CAD 42,077,258 as of December 31, 2024, compared to CAD 25,929,538 on September 30, 2024, an increase of 62.2%[5]. - Long-term debt increased to CAD 86,278,352 from CAD 79,306,811, marking an increase of 8.3%[5]. - Shareholders' deficiency increased to CAD (98,569,206) as of December 31, 2024, from CAD (88,634,694) on September 30, 2024[5]. - As of December 31, 2024, total debt amounted to CAD 102,447,503, an increase from CAD 89,220,430 as of September 30, 2024, reflecting a growth of approximately 14%[38]. Cash Flow and Reserves - Cash reserves rose significantly to CAD 17,733,753 from CAD 5,269,084, an increase of 235.5%[5]. - The company had a cash balance of $17,733,753 as of December 31, 2024, down from $29,187,636 at the end of 2023, indicating a decrease of about 39%[16]. - LeddarTech incurred net cash outflows related to operating activities of $5,427,024 for the quarter, compared to $21,573,892 in the prior year, reflecting a decrease of approximately 75%[16]. - The company reported a net cash outflow of $80,176 related to investing activities, a decrease from $1,242,814 in the same quarter of 2023[16]. - LeddarTech's financing activities generated a net cash inflow of $17,971,869, a decrease from $47,629,803 in the previous year, indicating a reduction of approximately 62%[16]. Research and Development - Research and development costs increased to CAD 5,465,396 in Q4 2024, up from CAD 2,677,689 in Q4 2023, reflecting a 104.5% rise[12]. - The company recorded a contract liability of CAD 7,194,500 related to government assistance and R&D tax credits receivable for the three months ended December 31, 2024[108]. Strategic Initiatives and Collaborations - LeddarTech entered into a strategic collaboration agreement with Texas Instruments, which includes a total payment of USD 9.89 million in advance royalties, with an initial payment of USD 5 million received on December 12, 2024[110][111]. - LeddarTech has been selected by a leading commercial vehicle OEM for its ADAS program, with revenue expected to begin in 2025 for engineering services and per-vehicle royalty revenue anticipated in late 2027[116][117]. Shareholder and Equity Information - As of December 31, 2024, the total number of common shares outstanding is 36,989,799, with a total value of $528,398,874[73]. - The company issued 6,595,000 common shares under the Standby Equity Purchase Agreement (SEPA) in December 2024, generating net proceeds of $14.4 million[76]. - The acquisition of Vayavision increased the company's interest from 60% to 100%, with a purchase price of $57,724 settled in common shares[79]. - The company issued 2,031,250 Class A non-voting special shares valued at $10,115,625 upon the acquisition of Prospector[80]. - The total carrying value of shares issued and outstanding as of December 31, 2024, is $561,474,499, including various classes of preferred shares[84]. Stock Options and Compensation - For the three months ended December 31, 2024, stock-based compensation expenses amounted to $576,907 for options, $739,482 for RSUs, and $362,301 for PSUs[96][99][102]. - The company has a total of 1,408,600 stock options outstanding as of December 31, 2024, after a net decrease of 30,000 options[96]. - The company recognized a gain on modification of stock options amounting to $5,985,250 due to the replacement of M-options[87]. - The company has 1,209,096 RSUs outstanding as of December 31, 2024, after exercising 304,973 RSUs during the period[99]. - The company has established an Equity Incentive Plan allowing for the issuance of up to 5,000,000 shares to qualified individuals[90]. Debt and Financing - The convertible loan has a weighted average effective interest rate of 23.36%, with a principal amount of CAD 45,554,434 as of December 31, 2024, up from CAD 40,309,902[38]. - The company closed a bridge financing in August 2024 for an aggregate principal amount of USD 9.0 million, with Tranche 1 issued at a discount of 25%[56]. - The PIPE Convertible Notes have a principal amount of at least USD 43.0 million, with a conversion option priced at USD 10.00 per common share[39]. - The company issued warrants to purchase common shares at USD 0.01 per share, with a total of 250,000 shares issued following the exercise of these warrants[50]. - As of December 31, 2024, the warrant liability totaled CAD 2,513,147, reflecting a revaluation increase of CAD 1,883,641 since September 30, 2024[69]. - The company has a bridge loan with a maturity conversion option allowing conversion at a price of CAD 5.00 per common share[61]. - The amendments to the credit facility included extending the minimum cash requirement from CAD 5.0 million to CAD 250,000 until August 14, 2024[48]. - Unpaid interests of CAD 1,578,849 were recorded as accrued liabilities as of December 31, 2024[54]. - The company has a total of 17,465,750 warrants outstanding, with an exercise price of USD 11.50 per common share[65]. Market and Listing Information - The company has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective February 6, 2025[118][119].