LeddarTech Announces Listing Transfer to the Nasdaq Capital Market; Comments on Recent Positive Business Developments
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 Holdings (Nasdaq: LDTC) ha annunciato il trasferimento della sua quotazione di titoli dal Nasdaq Global Market al Nasdaq Capital Market, a partire dal 6 febbraio 2025. Le azioni ordinarie della società e i warrant continueranno a essere scambiati con i simboli 'LDTC' e 'LDTCW' rispettivamente.
Il trasferimento segue le precedenti notifiche da parte di Nasdaq riguardo alla non conformità con alcuni requisiti di quotazione del Global Market. LeddarTech ha risolto queste carenze o soddisfatto gli standard del Nasdaq Capital Market. Recentemente, la società ha raggiunto un'importante pietra miliare commerciale con LeddarVision, la sua soluzione di fusione e percezione basata sull'IA, selezionata da un importante produttore di veicoli commerciali per il loro programma ADAS nei veicoli del modello 2028.
LeddarTech Holdings (Nasdaq: LDTC) anunció la transferencia de su cotización de valores del Nasdaq Global Market al Nasdaq Capital Market, efectiva el 6 de febrero de 2025. Las acciones ordinarias de la compañía y los warrants continuarán negociándose bajo los símbolos 'LDTC' y 'LDTCW' respectivamente.
La transferencia sigue a las notificaciones previas de Nasdaq sobre el incumplimiento de ciertos requisitos de cotización del Global Market. LeddarTech ha resuelto estas deficiencias o ha cumplido con los estándares del Nasdaq Capital Market. Recientemente, la compañía logró un hito comercial significativo con LeddarVision, su solución de fusión y percepción basada en IA, que fue seleccionada por un importante OEM de vehículos comerciales para su programa ADAS en vehículos del modelo 2028.
LeddarTech Holdings (Nasdaq: LDTC)는 2025년 2월 6일부로 Nasdaq Global Market에서 Nasdaq Capital Market로 증권 상장 이전을 발표했습니다. 회사의 보통주 및 워런트는 각각 'LDTC' 및 'LDTCW' 기호로 계속 거래될 것입니다.
이번 이전은 Nasdaq에서 Global Market 상장 요건을 준수하지 못한 것에 대한 이전 통지에 따른 것입니다. LeddarTech는 이러한 결함을 해결했거나 Nasdaq Capital Market 기준을 충족했습니다. 최근 회사는 LeddarVision이 2028 모델 연도의 ADAS 프로그램을 위한 주요 상용차 OEM에 의해 선택되면서 중요한 비즈니스 이정표를 달성했습니다.
LeddarTech Holdings (Nasdaq: LDTC) a annoncé le transfert de sa cotation de titres du Nasdaq Global Market au Nasdaq Capital Market, effectif à partir du 6 février 2025. Les actions ordinaires de la société et les warrants continueront d'être négociés sous les symboles 'LDTC' et 'LDTCW' respectivement.
Ce transfert fait suite à des notifications antérieures de Nasdaq concernant le non-respect de certains critères de cotation du Global Market. LeddarTech a soit résolu ces manquements, soit satisfait aux normes du Nasdaq Capital Market. Récemment, la société a atteint une étape commerciale significative avec LeddarVision, sa solution de fusion et de perception basée sur l'IA, qui a été sélectionnée par un grand fabricant de véhicules commerciaux pour leur programme ADAS sur les véhicules de l'année modèle 2028.
LeddarTech Holdings (Nasdaq: LDTC) gab die Übertragung seiner Wertpapiernotierung vom Nasdaq Global Market zum Nasdaq Capital Market bekannt, die am 6. Februar 2025 wirksam wird. Die Stammaktien des Unternehmens und die Warrants werden weiterhin unter den Symbolen 'LDTC' und 'LDTCW' gehandelt.
Die Übertragung folgt vorherigen Benachrichtigungen von Nasdaq über die Nichteinhaltung bestimmter Anforderungen für die Notierung im Global Market. LeddarTech hat entweder diese Mängel behoben oder die Standards des Nasdaq Capital Market erfüllt. Kürzlich erzielte das Unternehmen einen bedeutenden Geschäftserfolg mit LeddarVision, seiner KI-basierten Fusion- und Wahrnehmungssoftwarelösung, die von einem großen Hersteller von Nutzfahrzeugen für deren ADAS-Programm in Fahrzeugen des Modelljahres 2028 ausgewählt wurde.
- Secured contract with major commercial vehicle OEM for 2028 model year ADAS program
- Successfully maintained Nasdaq listing through transfer to Capital Market
- Failed to meet Nasdaq Global Market listing requirements
- Downgrade from Nasdaq Global Market to Capital Market
Insights
The transfer of LeddarTech to the Nasdaq Capital Market marks a strategic pivot that warrants careful investor attention. While such transfers are often viewed cautiously, this move appears to be a calculated step to maintain market presence while addressing listing requirements. The Capital Market, while having lower thresholds than the Global Market, still provides robust trading infrastructure and visibility.
The concurrent announcement of securing a contract with a major commercial vehicle OEM for 2028 model year vehicles is particularly noteworthy. The automotive software market, especially in ADAS applications, is projected to see substantial growth through 2030. Securing a long-term commitment from a leading OEM validates LeddarTech's technology and could serve as a springboard for additional contracts.
The 2028 model year timeline suggests a multi-year revenue runway, as automotive development cycles typically require 3-4 years of integration and testing before production. This provides LeddarTech with predictable future revenue streams, though the immediate financial impact may be to development and integration fees.
From a competitive standpoint, LeddarTech's AI-based low-level sensor fusion and perception software positions them in a high-growth market segment. The focus on software rather than hardware components offers scalability advantages and potentially higher margins compared to traditional automotive suppliers.
QUEBEC CITY, Canada, Feb. 05, 2025 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has received approval from the Nasdaq Stock Market (“Nasdaq”) to transfer the listing of its securities from the Nasdaq Global Market to the Nasdaq Capital Market. The Company’s Common Shares and publicly traded warrants will continue to trade under the symbols “LDTC” and “LDTCW,” respectively. The transfer of the Company’s listing to the Nasdaq Capital Market is not expected to have any impact on trading in the Company’s securities. This transfer is expected to take effect as of the opening of trading on February 6, 2025.
As previously disclosed, the Company received notifications from Nasdaq indicating the Company had failed to comply with certain continued listing requirements for the Nasdaq Global Market. In connection with the transfer of its listing to Nasdaq Capital Market, the Company had either cured such deficiencies or met the applicable standards on the Nasdaq Capital Market, and will be subject to robust Nasdaq Capital Market listing standards going forward.
“We look forward to further growth and development of LeddarTech on the Nasdaq,” said Frantz Saintellemy, President and CEO of LeddarTech. “We are excited about our business momentum, as demonstrated by the selection of LeddarVision, our fusion and perception software solution, by one of the world’s leading commercial vehicle OEMs (original equipment manufacturers) for their advanced driver assistance system (ADAS) program for 2028 model year vehicles. We believe this win along with other recent announcements validate our commercial strategy and reflect the momentum that is building with our business.”
About LeddarTech
A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.
LeddarTech is responsible for several remote-sensing innovations, with over 170 patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.
Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter (X), Facebook and YouTube.
Forward-Looking Statements
Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s selection by the OEM referred to above, anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics and ability to comply with Nasdaq Capital Markets listing standards in the future. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation, our ability to continue to maintain compliance with Nasdaq continued listing standards following our transfer to the Nasdaq Capital Market, as well as: (i) the risk that LeddarTech and the OEM referred to above are unable to agree to final terms in definitive agreements; (ii) the volume of future orders (if any) from this OEM, actual revenue derived from expected orders, and timing of revenue, if any; (iii) our ability to timely access sufficient capital and financing on favorable terms or at all; (iv) our ability to maintain compliance with our debt covenants, including our ability to enter into any forbearance agreements, waivers or amendments with, or obtain other relief from, our lenders as needed; (v) our ability to execute on our business model, achieve design wins and generate meaningful revenue; (vi) our ability to successfully commercialize our product offering at scale, whether through the collaboration agreement with Texas Instruments, a collaboration with a Tier 2 supplier or otherwise; (vii) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs, projects, prospects and plans; (viii) changes in general economic and/or industry-specific conditions; (ix) our ability to retain, attract and hire key personnel; (x) potential adverse changes to relationships with our customers, employees, suppliers or other parties; (xi) legislative, regulatory and economic developments; (xii) the outcome of any known and unknown litigation and regulatory proceedings; (xiii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, as well as management’s response to any of the aforementioned factors; and (xiv) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors contained in LeddarTech’s Form 20-F filed with the SEC. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Chris Stewart, Chief Financial Officer, LeddarTech Holdings Inc.
Tel.: + 1-514-427-0858, chris.stewart@leddartech.com
- Investor relations website: investors.leddartech.com
- Investor relations contact: Mike Bishop, mike@bishopir.com
Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”
FAQ
When will LDTC transfer from Nasdaq Global Market to Nasdaq Capital Market?
Will LDTC's stock symbol change after the Nasdaq market transfer?
What major contract did LeddarTech (LDTC) secure for its LeddarVision software?
Why is LDTC moving to the Nasdaq Capital Market?
