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] Financial Agreements - LeddarTech has entered into the Fifteenth Amending Agreement with Desjardins, which includes a monthly payment of C35,000,000 or February 28, 2025, and reduces the minimum cash covenant to C$1,000,000 until the same date [7] - A third amending agreement has been made with bridge lenders to extend the maturity of the bridge loan to February 28, 2025, or the business day following the Short-Term Outside Date [7] Technology and Innovation - LeddarTech holds over 170 patent applications, with 87 granted, focusing on enhancing ADAS, autonomous driving, and parking capabilities [4] - The company's technology aims to improve vehicle awareness, contributing to safer, more efficient, and sustainable mobility solutions [4] Market Position - LeddarTech's software solutions are designed for OEMs and Tier 1-2 suppliers, facilitating the implementation of automotive and off-road vehicle ADAS solutions [3][4] - The company seeks to become the most widely adopted sensor fusion and perception software solution in the market [4]
LeddarTech Enters Into Amendments to Credit Facility and Bridge Financing Offer