LeddarTech And Bridge Lenders Finalize Sixth Amendment, Bridge Loan Maturity Extended To 2026

Author: Benzinga Newsdesk | June 09, 2025 07:47am

LeddarTech® Holdings Inc. ("LeddarTech" or the "Company") (NASDAQ:LDTC), an automotive software company that provides patented disruptive AI-powered low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has entered into:

 

• a sixth amending agreement (the "Sixth Amending Agreement") with the initial bridge lenders, certain members of management and the board of directors and FS Investment Management (collectively, the "Bridge Lenders") with respect to the bridge financing offer dated as of August 16, 2024 (the "Bridge Financing Offer") pursuant to which the Bridge Lenders have agreed to, among other things, extend the maturity of the bridge loan to January 31, 2026.

The Sixth Amending Agreement to the Bridge Financing Offer also provides for a new bridge to equity term loan by FS Investment Management in the amount of up to US$2,000,000 for the purposes of providing LeddarTech with the cash necessary to complete one or more equity investments or commercial transactions involving LeddarTech and its technology.

Posted In: LDTC