LeddarTech Announces Adjustments To Warrants Exercise Price, Reflecting Post-Merger Share Valuation Changes

Author: Benzinga Newsdesk | February 14, 2024 03:45am

LeddarTech Holdings Inc. ("LeddarTech") (NASDAQ:LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD and parking applications, today announced that in accordance with the terms of the outstanding warrants expiring December 21, 2028 (CUSIP: 52328E113) (the "Warrants") to purchase shares of LeddarTech common stock without par value, the Warrant exercise price will be reduced to US $11.17 per share from the current US $11.50 per share. Corresponding adjustments will be made to the redemption provisions applicable to the Warrants. The adjustments are effective as of the close of business on February 9, 2024.

Posted In: LDTC