LeddarTech Secures Additional Approval under its Credit Agreement

LeddarTech Seeks Financing for Near-term Obligations and Larger Financing

LeddarTech Holdings Inc., a global software company headquartered in Quebec City, is currently in discussions with several principal shareholders and other potential investors to secure financing. The company aims to use the funds to cover near-term obligations and larger financing needs.

The company's focus is on developing and providing AI-based low-level sensor fusion and perception software solutions for Advanced Driver-Assistance Systems (ADAS), autonomous driving (AD), and parking applications. LeddarTech's automotive-grade software uses advanced AI and computer vision algorithms to generate accurate 3D models of the environment for better decision-making and safer navigation.

The company holds over 160 patent applications, with 87 granted, which enhance ADAS, AD, and parking capabilities. LeddarTech aims to become the most widely adopted sensor fusion and perception software solution to make global mobility safer, more efficient, sustainable, and affordable.

The technology offered by LeddarTech is scalable, high-performance, and cost-effective, making it an attractive option for Original Equipment Manufacturers (OEMs) and Tier 1-2 suppliers for the efficient implementation of ADAS solutions.

It is important to note that any debt or equity securities to be offered and sold in the financing may not be registered under the Securities Act of 1933 or state securities laws and may not be offered or sold in the United States without registration or an applicable exemption. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the financing.

LeddarTech has been obligated to maintain a minimum cash balance of C$5.0 million after August 5, 2024. From July 5 to July 6, 2024, the company was required to maintain a minimum cash balance of C$3.5 million, and from July 7 to July 26, 2024, it was required to maintain a minimum cash balance of C$1.8 million. From July 26 to August 5, 2024, the company temporarily reduced its minimum cash balance to C$1.3 million.

On April 5, 2023, LeddarTech entered into a Tenth Amending Agreement with Fédération des caisses Desjardins du Québec regarding the Amended and Restated Financing Offer. The details of the Tenth Amending Agreement can be found on LeddarTech's SEDAR+ and EDGAR profiles.

For more information about LeddarTech, please visit their website (www.LeddarTech.com) or follow them on LinkedIn, Twitter, Facebook, and YouTube. There is no assurance that these investors will invest any amount in the financing or that the financing will be completed.