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LeddarTech Holdings ( (LDTC) ) has issued an update.
On February 3, 2025, LeddarTech Holdings Inc. announced amendments to its credit and bridge financing agreements. The company reached a fifteenth amending agreement with Desjardins to temporarily postpone interest payments and reduce cash covenants until February 28, 2025. Additionally, a third amending agreement with bridge lenders extends the maturity of the bridge loan to the same date. These amendments aim to provide LeddarTech with financial flexibility to support its operations and strategic initiatives in the competitive automotive software market.
More about LeddarTech Holdings
LeddarTech Holdings Inc. is a global software company based in Quebec City, Canada, specializing in AI-based low-level sensor fusion and perception software technology for the automotive industry. They provide solutions for ADAS, autonomous driving, and parking applications, aiming to enhance vehicle awareness and safety. Founded in 2007, LeddarTech holds over 170 patent applications, with 87 granted, and serves OEMs and Tier 1-2 suppliers globally.
YTD Price Performance: -39.38%
Average Trading Volume: 8,250,741
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $28.89M
For a thorough assessment of LDTC stock, go to TipRanks’ Stock Analysis page.
