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Prospector Capital Corp., traded as PRSRW on Nasdaq, is a special purpose acquisition company focused on merging with companies in the technology sector. Led by experienced investors and executives, Prospector aims to identify and invest in high-growth companies with innovative solutions. The recent joint demonstrator completion with LeddarTech Inc. highlights the company's commitment to advancing technology in various sectors. With a projected deadline for its initial business combination by December 31, 2023, Prospector is dedicated to fulfilling its objectives efficiently.
Founded in 2007, LeddarTech is a global software company specializing in AI-based sensor fusion and perception software solutions for ADAS and autonomous driving applications. With a strong emphasis on safety and efficiency, LeddarTech's technology offers a comprehensive solution for OEMs and Tier 1-2 suppliers in the automotive industry. The company's vision to enhance global mobility and promote sustainability through innovation drives its mission to become the leading sensor fusion and perception software provider.
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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. focused on?
Prospector is dedicated to identifying and investing in high-growth companies with innovative solutions in the technology sector.
What recent achievement did Prospector Capital Corp. announce?
Prospector recently completed a joint demonstrator with LeddarTech Inc., showcasing its commitment to advancing technology across various industries.
When is Prospector Capital Corp.'s deadline for its initial business combination?
Prospector aims to consummate its initial business combination by December 31, 2023, as per the company's governing documents.
What is LeddarTech known for?
LeddarTech, founded in 2007, specializes in AI-based sensor fusion and perception software for ADAS and autonomous driving applications.
What drives LeddarTech's mission?
LeddarTech is dedicated to enhancing global mobility, promoting sustainability, and becoming the most widely adopted sensor fusion and perception software solution in the market.
Where is LeddarTech headquartered?
LeddarTech is headquartered in Quebec City and has additional R&D centers in Montreal, Toronto, and Tel Aviv, Israel.
What is LeddarTech's strategic focus area?
LeddarTech primarily focuses on providing comprehensive AI-based solutions for the automotive industry to enhance safety, efficiency, and decision-making in vehicles.
How does Prospector add value to the technology sector?
Prospector, with a team of experienced investors and executives, adds value to the technology sector by investing in companies with advanced and highly differentiated solutions.
What defines the core business of Prospector Capital Corp.?
Prospector's core business revolves around effecting mergers, acquisitions, or similar business combinations with companies in the technology sector.
What are the ticker symbols for Prospector securities?
Prospector's securities are traded on Nasdaq under the ticker symbols "PRSR", "PRSRU", and "PRSRW".
Prospector Capital Corp.
Nasdaq:PRSRW
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