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PROSPECTOR CAPITAL CORP - PRSR STOCK NEWS

Welcome to our dedicated page for PROSPECTOR CAPITAL news (Ticker: PRSR), a resource for investors and traders seeking the latest updates and insights on PROSPECTOR CAPITAL stock.

Prospector Capital Corp. (Nasdaq: PRSR) is a publicly traded special-purpose acquisition company (SPAC) that focuses on merging with businesses offering advanced and highly differentiated technology solutions. Led by a seasoned team of investors and executives, including former Qualcomm President Derek Aberle and Vice Chairman Steve Altman, Prospector Capital is dedicated to identifying and investing in high-growth companies with strong management teams and attractive market opportunities.

Recently, Prospector Capital announced the successful completion of a business combination with LeddarTech Inc., an innovative AI-based software company specializing in low-level sensor fusion and perception software for advanced driver assistance systems (ADAS) and autonomous driving applications. LeddarTech's cutting-edge technology provides vehicles with better environmental understanding models, producing enhanced 3D views of surroundings to improve safety and navigation. This technology is critical for OEMs and Tier 1-2 suppliers aiming to implement effective and scalable ADAS solutions.

Headquartered in Quebec City with additional R&D centers in Montreal, Toronto, and Tel Aviv, LeddarTech boasts over 150 patent applications, with 80 granted, that enhance ADAS and AD capabilities. The company has raised approximately US$58.6 million to support the adoption and growth of its technology, positioning itself as a leading supplier in the automotive software market.

Following the business combination, LeddarTech is listed on Nasdaq under the ticker symbol 'LDTC', with warrants trading under 'LDTCW'. Prospector Capital's strategic partnership with LeddarTech aims to capture a significant portion of the growing ADAS software market, which is expected to reach US$42 billion by 2030.

For more information on LeddarTech and Prospector Capital, visit their official websites and follow them on LinkedIn, Twitter, Facebook, and YouTube.

News

Prospector Capital Corp. No Longer Listed on Nasdaq Following Completion of Business Combination

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Prospector Capital Corp. (PCC) received a letter from Nasdaq regarding potential delisting due to failure to maintain the minimum Market Value of Listed Securities. However, after completing a business combination, Nasdaq confirmed that no further action is required.
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LeddarTech Becomes a Publicly Traded Company After Completing Business Combination with Prospector Capital Corp., Will Commence Trading on Nasdaq Under Ticker Symbol "LDTC"

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LeddarTech Completes Business Combination with Prospector Capital Corp, Set to List on Nasdaq Global Market under Ticker Symbols LDTC and LDTCW
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Prospector Capital Corp. Announces New Record and Distribution Date for Issuance of Dividend Shares

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Prospector Capital Corp. (Nasdaq: PRSRU, PRSR, PRSRW) announces a new record date for the issuance of Dividend Shares in connection with the proposed Business Combination with LeddarTech Inc. and LeddarTech Holdings Inc. If the Business Combination is not consummated on December 21, 2023, the record date will automatically change to be on such later date. The closing of the Business Combination is subject to the satisfaction of customary closing conditions.
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Prospector Capital Corp. Shareholders Approve Previously Announced Business Combination with LeddarTech

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LeddarTech Inc. (LDTC) and Prospector Capital Corp. (PRSR, PRSRU, PRSRW) have announced the approval of the business combination between the two companies. Prospector's shareholders voted in favor of the proposal, with 85% of the issued and outstanding ordinary shares casting votes in favor. Shareholders holding 855,440 Prospector Class A Shares exercised their right to redeem their shares, leaving approximately US$ 14.6 million in cash in the trust account after redemptions. The combined company is expected to operate as LeddarTech Holdings Inc. and be listed on Nasdaq under the ticker symbol 'LDTC', with warrants under the ticker symbol 'LDTCW'.
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PROSPECTOR CAPITAL CORP. PROVIDES UPDATE ON THE STATUS OF THE BUSINESS COMBINATION CLOSING

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Prospector Capital Corp. (PRSRU) announced that the proposed business combination with LeddarTech Inc. has not yet closed. The parties are working to satisfy closing conditions, including obtaining Nasdaq approval to list Newco's common shares and warrants. If not completed by December 31, 2023, Prospector will cease operations and redeem Prospector Class A Shares.
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Catch the Future in Action: LeddarTech Unveils Its Award-Winning LeddarVision ADAS Products and Technology at CES Las Vegas 2024

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LeddarTech (NASDAQ: LDTC) announces its presence at CES 2024 to showcase the next generation of automotive software technology for ADAS and AD applications. The company will feature its innovative LeddarVision platform, including the new LeddarVision Surround and the award-winning LeddarVision Front Entry. LeddarTech has also received prestigious awards for its ADAS technology, making it a key player in the automotive software industry.
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Prospector Capital Corp. Announces Record and Distribution Date for Issuance of Dividend Shares

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Prospector Capital Corp. (Nasdaq: PRSRU, PRSR, PRSRW) plans to issue additional shares to holders of Class A ordinary shares in connection with the proposed business combination with LeddarTech Inc. The record date for the issuance of the Dividend Shares is set for December 15, 2023. The Business Combination is subject to approval by Prospector's shareholders and other customary closing conditions.
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LeddarTech and TTTech Auto Announce a Leap Forward in Autonomous Driving Safety

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LeddarTech (LDDTF) and TTTech Auto announce the successful completion of a joint demonstrator for a fail-operational architecture, showcasing a high-level fail-operational architecture suitable for safe driving automation. The collaboration aims to support car OEMs constructing their SAE Level 2-3 safety solutions, with key features including LeddarTech’s LeddarVision and TTTech Auto’s Safety Co-Pilot.
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LeddarTech and Prospector Capital Corp. Announce Effectiveness of Registration Statement and December 13, 2023 Extraordinary General Meeting to Approve Business Combination

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LeddarTech Inc.® (NASDAQ: Newco) and Prospector Capital Corp. (NASDAQ: PRSR, PRSRU, PRSRW) have announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form F-4 in connection with the proposed business combination. The Extraordinary General Meeting is scheduled to be held on December 13, 2023, for shareholders to vote on the Business Combination.
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Prospector Capital Corp. Announces Extraordinary General Meeting Date to Approve Proposed Business Combination With LeddarTech

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Prospector Capital Corp. (Nasdaq: PRSRU, PRSR, PRSRW) to hold Extraordinary General Meeting on December 13, 2023 to approve business combination with LeddarTech Inc. and LeddarTech Holdings Inc.
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FAQ

What does Prospector Capital Corp. focus on?

Prospector Capital Corp. focuses on merging with businesses offering advanced and highly differentiated technology solutions.

Who are the key leaders of Prospector Capital Corp.?

The company is led by former Qualcomm President Derek Aberle and Vice Chairman Steve Altman.

What recent business combination did Prospector Capital complete?

Prospector Capital recently completed a business combination with LeddarTech Inc., an AI-based automotive software company.

What is LeddarTech's specialization?

LeddarTech specializes in AI-based low-level sensor fusion and perception software for ADAS and autonomous driving applications.

Where is LeddarTech headquartered?

LeddarTech is headquartered in Quebec City, with additional R&D centers in Montreal, Toronto, and Tel Aviv.

What are the ticker symbols for LeddarTech on Nasdaq?

LeddarTech's common shares are listed under 'LDTC', and warrants are listed under 'LDTCW'.

How much capital has LeddarTech raised recently?

LeddarTech has raised approximately US$58.6 million to support its technology adoption and growth.

What market opportunity does Prospector Capital target?

Prospector Capital targets high-growth technology companies with strong management teams and attractive market opportunities.

How many patent applications does LeddarTech have?

LeddarTech has over 150 patent applications, with 80 granted.

Where can I find more information about LeddarTech and Prospector Capital?

More information is available on their official websites and social media platforms like LinkedIn, Twitter, Facebook, and YouTube.
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PROSPECTOR CAPITAL CORP

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