LeddarTech receives US$3 million upon distribution of the second portion of the preliminary financing agreement's funds.

LeddarTech Holdings Inc., a global software company headquartered in Quebec City, has announced a significant boost to its operations with a bridge financing of up to US$9.0 million. This funding, provided by FS Investors, Investissement Québec, and Fédération des caisses Desjardins du Québec, will support the development of LeddarTech's AI-based low-level sensor fusion and perception software solutions for autonomous driving (AD), ADAS, and parking applications.

The financing consists of several components. FS Investors has contributed a bridge financing amount of $7 million, with $1.5 million of their existing convertible notes converted into common shares. Additionally, certain members of management and the board of directors provided additional bridge loans in an aggregate amount of approximately US$334,000. LeddarTech received a second tranche of US$3.0 million as part of this bridge financing, following a first tranche of US$6.0 million funded on August 19, 2024.

The Company's board of directors is relying on the exemption from the formal valuation and minority shareholder approval requirements contained in Regulation 61-101 on the basis of the "financial hardship" exemption. The bridge financing constitutes a "related-party transaction" under Regulation 61-100.

LeddarTech's technology is designed to generate accurate 3D models of the environment, enabling better decision-making and safer navigation for autonomous vehicles. The company's solutions are available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

It is important to note that LeddarTech's forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Actual results could differ materially from those contained in any forward-looking statement due to various factors, including but not limited to changes in general economic and/or industry-specific conditions, legislative, regulatory, and economic developments, and unpredictability and severity of catastrophic events.

The bridge loans have not been registered under the Securities Act of 1933 or applicable State securities laws. No sales of any securities will be made in any jurisdiction prior to registration or qualification under the securities laws of such jurisdiction. LeddarTech does not undertake any obligation to revise or update any forward-looking statement, except as required by applicable law.

LeddarTech's technology has been bolstered by over 160 patent applications, with 87 granted, that enhance ADAS, AD, and parking capabilities. The company's R&D centres are located in Montreal, Canada, and Tel Aviv, Israel.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

LeddarTech receives US$3 million upon distribution of the second portion of the preliminary financing agreement's funds.