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LeddarTech Holdings Inc (LDTC) provides cutting-edge perception software for autonomous vehicles and advanced driver assistance systems (ADAS). This page serves as the definitive source for verified corporate updates, offering investors and industry professionals timely access to essential developments shaping the automotive technology sector.
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Key updates include product launch announcements, licensing agreements with automotive manufacturers, and regulatory milestones for autonomous driving technologies. All content undergoes rigorous verification to ensure accuracy and relevance for decision-makers.
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LeddarTech Holdings (Nasdaq: LDTC), an automotive software company specializing in AI-powered sensor fusion and perception software, has announced significant financial amendments and received a Nasdaq deficiency notice. The company has entered into:
1. A Seventeenth Amending Agreement with Desjardins, which includes:
- Postponement of interest payments from July through December 2024
- Reduction of minimum cash covenant to C$1,800,000
- Monthly payment requirement of C$125,000 to Desjardins
2. A Fifth Amending Agreement with Bridge Lenders extending the maturity of the bridge loan to May 23, 2025.
Additionally, LeddarTech received a Nasdaq notification of non-compliance with the minimum market value requirement of US$35,000,000. The company has 180 days to regain compliance, though there's no guarantee of success. This follows a previous notice regarding non-compliance with the minimum bid price requirement of US$1.00 per share.
LeddarTech Holdings (Nasdaq: LDTC), an automotive software company specializing in AI-powered sensor fusion and perception software technology, held its annual general and special meeting on March 26, 2025.
The meeting resulted in several key decisions:
- Shareholders elected a full slate of six directors
- Nick Stone and Michelle Sterling opted not to seek reelection to the Board
- Richter LLP was appointed as the company's auditor
- Shareholders approved amendments to the company's omnibus equity-based incentive plan, including:
- An increase in common shares available for issuance
- Addition of an evergreen provision allowing automatic annual increases in available shares over the next five years
LeddarTech Holdings (Nasdaq: LDTC), an automotive software company specializing in AI-powered sensor fusion and perception software technology, has received a deficiency notice from Nasdaq due to non-compliance with listing requirements. The company's stock failed to maintain the minimum bid price of $1.00 per share over 30 consecutive business days from February 4, 2025, through March 18, 2025.
The company has been granted a 180-day period to regain compliance with the listing requirement. During this time, LDTC shares will continue trading on the Nasdaq Capital Market while the company evaluates available options to meet the minimum bid price requirement. However, LeddarTech has noted that there is no guarantee it will successfully regain or maintain compliance with Nasdaq's continued listing requirements.
LeddarTech Holdings (Nasdaq: LDTC), an automotive software company specializing in AI-based sensor fusion and perception software, has announced key amendments to its financing agreements. The company has entered into a sixteenth amending agreement with Desjardins, which includes:
- Postponement of interest payments from July through December 2024 until either securing minimum gross proceeds of US$35M from equity investments or March 31, 2025
- Increase in minimum cash covenant to C$7M
- Implementation of a C$125,000 monthly payment to Desjardins
Additionally, LeddarTech has secured a fourth amending agreement with Bridge Lenders, extending the bridge loan maturity to March 31, 2025 or the business day following significant equity investment. Monthly fees for August 2024 through January 2025 are postponed until the earlier of these dates.
LeddarTech Holdings (Nasdaq: LDTC), an automotive software company specializing in AI-based sensor fusion and perception software, announces its participation in three major European events in March-April 2025. The company will showcase its LeddarVision™ technology at Embedded World (Nuremberg), Tech.AD Europe (Berlin), and Hannover Messe 2025.
This European tour follows LeddarTech's recent milestone of being selected by a global commercial vehicle OEM for its ADAS program in 2028 model year vehicles. The company will demonstrate LeddarVision Surround solutions using Arm technology on AWS G5g at Embedded World, conduct live LeddarNavigator demonstrations at Tech.AD Europe, and present 360° virtual reality demonstrations at Hannover Messe as part of the Canadian delegation.
LeddarTech Holdings (Nasdaq: LDTC) announced its fiscal Q1 2025 financial results, highlighting significant developments including their first OEM design win from a major commercial vehicle OEM for 2028 model year vehicles. The company received US$8 million in advanced royalty payments from Texas Instruments as part of their collaboration agreement.
Financial highlights for Q1 2025 ending December 31, 2024, show revenue from continuing operations at $51,900, with a net loss of $27.0 million, representing a 56% decrease from the previous year's $61.5 million loss. The company's adjusted EBITDA loss increased by 11% to $11.1 million.
LeddarTech raised US$11.3 million under a standby equity purchase agreement and maintains a robust pipeline of over 30 active opportunities with OEMs and Tier 1 automotive suppliers. As of December 31, 2024, the company's cash and cash equivalents totaled $17.7 million, with approximately $15.9 million as of February 10, 2025.
LeddarTech Holdings (Nasdaq: LDTC) announced the transfer of its securities listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective February 6, 2025. The company's Common Shares and warrants will continue trading under symbols 'LDTC' and 'LDTCW' respectively.
The transfer follows previous notifications from Nasdaq regarding non-compliance with certain Global Market listing requirements. LeddarTech has either resolved these deficiencies or met Nasdaq Capital Market standards. The company recently achieved a significant business milestone with LeddarVision, its AI-based fusion and perception software solution, being selected by a major commercial vehicle OEM for their ADAS program in 2028 model year vehicles.
LeddarTech (NASDAQ: LDTC) has announced its first major OEM design win, with a leading global commercial vehicle manufacturer selecting LeddarVision as their fusion and perception software supplier for 2028 model year vehicles. The selection comes after a comprehensive market evaluation, where LeddarVision stood out for its superior performance in multi-modal sensor systems.
The project begins immediately, with revenue expected to start in 2025 through engineering services, followed by per-vehicle royalty revenue in late 2027. This milestone follows LeddarTech's recent collaboration with Texas Instruments, which included nearly $10 million in pre-paid royalties.
The LeddarVision platform utilizes AI and sensor fusion technology to enhance driver safety and enable greater vehicle autonomy, helping OEMs meet industry safety standards while addressing consumer demands for advanced ADAS features.
LeddarTech Holdings (Nasdaq: LDTC), an automotive software company specializing in AI-based sensor fusion and perception software, has announced key amendments to its financing agreements. The company entered into a fifteenth amending agreement with Desjardins, which includes:
- Postponement of interest payments from July through December 2024 until the earlier of receiving minimum gross proceeds of US$35M from equity investments or February 28, 2025
- Temporary reduction of minimum cash covenant to C$1M, reverting to C$5M after the specified period
- Implementation of a C$125,000 monthly payment to Desjardins
Additionally, LeddarTech modified its bridge financing agreement with Bridge Lenders, extending the maturity date to February 28, 2025 or the business day following receipt of the equity investments.
LeddarTech (NASDAQ: LDTC) has concluded its participation at CES 2025, marking significant achievements including receipt of a US$3 million pre-paid royalty payment. This payment follows the successful demonstration of LeddarVision Surround (LVS-2+) software using Texas Instruments' TDA4VH-Q1 processor, part of a licensing agreement announced in December 2024.
At CES 2025, the company showcased its LVS-2+ software stack designed for L2/L2+ highway and city ADAS applications, conducting demonstrations and meetings with OEMs, Tier 1 suppliers, and strategic partners. The technology aims to help manufacturers meet 5-star NCAP 2025/GSR 2022 requirements cost-effectively.
The company reports collecting customer leads and initiating potential new partnerships during the event. LeddarTech currently holds 87 granted patents out of 170 applications, positioning itself in the automotive software industry with its AI-based sensor fusion and perception technology.
