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Prospector Capital Corp. - PRSRU STOCK NEWS

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

Prospector Capital Corp. (PRSRU) is a special purpose acquisition company focused on effecting mergers, acquisitions, or similar business combinations with technology-focused companies. Led by a team of experienced investors and executives, Prospector seeks high-growth companies with advanced solutions for the technology sector. Currently trading on Nasdaq under ticker symbols PRSR, PRSRU, and PRSRW, Prospector aims to identify opportunities with strong management teams and attractive market potential.

Recently, Prospector announced a proposed business combination with LeddarTech Inc., a global software company specializing in AI-based sensor fusion and perception software solutions for ADAS and autonomous driving applications. With R&D centers in Quebec City, Montreal, Toronto, and Tel Aviv, LeddarTech is at the forefront of developing technology to enhance vehicle safety, efficiency, and sustainability. LeddarTech's innovative solutions and patented technologies position it as a key player in advancing the automotive industry towards safer, smarter vehicles.

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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. (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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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. (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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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. (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 (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 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. (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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LeddarTech (LDTC) proudly appoints Mr. Chris Stewart as Chief Financial Officer to support the completion of its business combination with Prospector Capital Corp. Mr. Stewart brings over 20 years of financial management experience, having served in leadership roles at companies like Bionano Genomics Inc. and Tesla Inc. His appointment aims to drive LeddarTech's transition to a publicly traded company.
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FAQ

What is Prospector Capital Corp. (PRSRU) focused on?

Prospector is a special purpose acquisition company dedicated to identifying and investing in technology companies with advanced solutions for the sector.

Where is LeddarTech Inc. headquartered and what does it specialize in?

LeddarTech is headquartered in Quebec City with R&D centers in Montreal, Toronto, and Tel Aviv. The company focuses on AI-based sensor fusion and perception software solutions for ADAS and autonomous driving applications.

How is Prospector Capital Corp. (PRSRU) contributing to the advancement of the automotive industry?

Prospector's proposed business combination with LeddarTech Inc. aims to leverage technology and innovation to enhance vehicle safety, efficiency, and sustainability in the automotive industry.

What are LeddarTech's key strengths in the market?

LeddarTech holds over 150 patent applications (80 granted) for remote-sensing innovations that enhance ADAS and autonomous driving capabilities, positioning them as a leader in sensor fusion and perception software solutions.

Where can I find more information about Prospector Capital Corp. (PRSRU) and LeddarTech Inc.?

For additional details on Prospector and LeddarTech, visit their respective websites and social media platforms for the latest updates and insights into their operations and technologies.
Prospector Capital Corp.

Nasdaq:PRSRU

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32.50M
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