LeddarTech Holdings Inc Stock Price, News & Analysis

LeddarTech Holdings (Nasdaq: LDTC) has received the first full installment of advanced royalty payments from Texas Instruments (TI) under their strategic collaboration and software license agreement announced on December 9, 2024. The agreement aims to develop an integrated platform solution for ADAS and autonomous driving markets.

Following this payment, conditions have been met in both the Fourteenth Amending Agreement with Desjardins and the Second Amending Agreement with Bridge Lenders, establishing the short-term outside date as January 31, 2025. These amendments were related to the company's credit facility and bridge financing arrangements.

LeddarTech (Nasdaq: LDTC) has announced a strategic collaboration and software license agreement with Texas Instruments (TI) for ADAS and autonomous driving solutions. TI will provide advanced royalty payments to support joint commercialization. In connection with this, LeddarTech has amended its credit facility with Desjardins and bridge financing arrangements.

Key modifications include: temporary postponement of interest payments from July through December 2024, suspension of minimum cash covenant requirements, and extension of bridge loan maturity. These changes are contingent on receiving TI's first royalty payment installment and securing minimum gross proceeds of US$35 million from equity investments.

LeddarTech (Nasdaq: LDTC) has announced a strategic collaboration and software license agreement with Texas Instruments (TI) for advanced driver assistance systems (ADAS) and autonomous driving solutions. TI will make advanced royalty payments to license LeddarTech's LeddarVision AI-based fusion and perception software stack, which will be pre-integrated with TI's TDA processors.

The collaboration, developed over two years, aims to create an open, high-performance, and cost-efficient solution for ADAS and AD systems. The integrated solution has received positive feedback from automotive OEMs and Tier 1 suppliers. Key benefits include accelerated time-to-market, scalability, cost efficiency, and comprehensive end-to-end support.

LeddarTech (Nasdaq: LDTC) announces its participation at CES 2025 in Las Vegas, showcasing their latest AI-based automotive software solutions. The company will demonstrate three key products: LeddarVision Surround (LVS-2+) for enhanced full surround-view ADAS, LeddarVision Front-Entry (LVF-E) for L2/L2+ highway assist, and LeddarVision Parking (LVP-H) for intelligent parking applications. The exhibition will feature interactive demonstrations including a virtual reality experience and live on-road demonstrations. LeddarTech will collaborate with Texas Instruments and Arm to showcase their technology integration, demonstrating LVS-2+ on TI's TDA4VH-Q1 processor and AWS G5g platform.

LeddarTech (Nasdaq: LDTC), an automotive software company specializing in AI-based sensor fusion and perception software technology, has provided an update regarding its bridge financing arrangements. The company failed to secure required equity investments by the November 15, 2024 maturity date, as stipulated in both the Bridge Financing Offer with Bridge Lenders and the Desjardins Credit Facility. Despite missing the deadline, LeddarTech reports ongoing progress toward completing the financing and maintains active discussions with its lenders. No repayment notices have been received from Desjardins or Bridge Lenders to date.

LeddarTech (Nasdaq: LDTC) has achieved ISO/IEC 27001 certification on September 18, 2024, demonstrating its commitment to information security management. This certification establishes a robust information security management system (ISMS) and validates the company's ability to protect against cyber-attacks, data leaks, and theft. The certification aligns with global regulatory requirements, including GDPR and UNECE WP, strengthening LeddarTech's position as a provider of AI-based low-level sensor fusion and perception software technology for automotive applications.

LeddarTech Holdings Inc. (Nasdaq: LDTC), an automotive software company, has received the second tranche of US$3.0 million from its previously announced bridge financing. This is part of a total US$9.0 million Bridge Financing provided by principal shareholders FS Investors, Investissement Québec, and Fédération des caisses Desjardins du Québec. The first tranche of US$6.0 million was funded on August 19, 2024.

Additionally, FS Investors converted US$1.5 million of existing convertible notes into common shares at US$2.00 per share. The company also received about US$334,000 in Bridge Loans from management and board members. The Bridge Financing is considered a 'related-party transaction' but qualifies for exemption from formal valuation and minority shareholder approval due to the company's serious financial difficulty.

LeddarTech Holdings Inc. (Nasdaq: LDTC) has announced a strategic license agreement with Solid State LiDAR Protection Inc. This agreement allows Solid State LiDAR Protection to produce and market LeddarTech's advanced LiDAR module and sensor products. These solid-state LiDARs have been successful across various applications, with over 65,000 units delivered since 2010.

Under the agreement, Solid State LiDAR Protection will rebrand and commercialize the products, while LeddarTech will receive royalty payments from sales. This marks the closure of LeddarTech's remaining LiDAR activities. The deal, along with two other strategic licenses established in 2023, highlights LeddarTech's focus on AI-driven automotive software solutions for ADAS and autonomous driving.

The agreement ensures that all aspects of the business, including technology, manufacturing, and commercialization, remain in Quebec, Canada, managed by Canadian companies.

LeddarTech, an automotive software company (Nasdaq: LDTC), is showcasing its LeddarVision AI-based low-level sensor fusion and perception software at AutoSens Europe (October 8-10, 2024). The company highlights contributions from Texas Instruments and Arm in enhancing its products.

LeddarTech's LeddarNavigator demonstrator features the TDA4VE-Q1 processor from Texas Instruments and integrates Arm's automotive processors. The collaboration with Arm has optimized critical algorithms for ADAS perception and fusion, minimizing computational bottlenecks and enhancing system efficiency using the Arm Cortex-A720AE CPU.

The LeddarVision Front-Entry solution (LVF-E) is deployed on a single TDA4VE-Q1 processor, achieving low system costs for L2/L2+ entry-level ADAS without compromising performance. LeddarTech invites customers to experience live demonstrations of their AI-based low-level fusion products, including LVS-2+ and LVF-E, which meet 5-star NCAP 2025/GSR 2022 safety standards.