LeddarTech Enters Into Amendments to Credit Facility and Bridge Financing Offer

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]