LeddarTech®, an automotive software company that provides patented
disruptive low-level sensor fusion and perception software
technology for ADAS and AD, announces that Frantz Saintellemy,
President and Chief Operating Officer, is scheduled to participate
in the following upcoming investor events:
- November 9, 2023 – Deutsche Bank’s
2023 AutoTech Conference (virtual)
- November 15, 2023 – Roth Capital MKM
12th Annual New York Technology
Conference at the Yale Club
- November 29, 2023 – Barclays Global Automotive and
Mobility Tech Conference (virtual)
LeddarTech will participate in meetings with
potential investors and industry analysts and in fireside chats.
For more information or to register, please visit the “Events &
Presentations” section of LeddarTech’s investor relations
website.
On June 13, 2023, Prospector Capital Corp.
(“Prospector”) (NASDAQ: PRSR, PRSRU, PRSRW), a Cayman Islands
exempted company led by former Qualcomm President Derek Aberle and
chaired by former Qualcomm Vice Chairman Steve Altman, announced a
definitive business combination agreement with LeddarTech. Upon
closing of the transaction, which is expected during the fourth
quarter of 2023, the combined company formed through the business
combination, LeddarTech Holdings Inc. (“Newco”), is expected to be
listed on the NASDAQ under the ticker symbol “LDTC.”
About LeddarTech
A global software company founded in 2007 and
headquartered in Quebec City with additional R&D centers in
Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and
provides comprehensive perception software solutions that enable
the deployment of ADAS and autonomous driving (AD) applications.
LeddarTech’s automotive-grade software applies advanced AI and
computer vision algorithms to generate accurate 3D models of the
environment, allowing for better decision making and safer
navigation. This high-performance, scalable, cost-effective
technology is available to OEMs and Tier 1-2 suppliers to
efficiently implement automotive and off-road vehicle ADAS
solutions.
LeddarTech is responsible for several
remote-sensing innovations, with over 150 patent applications
(80 granted) that enhance ADAS and AD capabilities. Better
awareness around the vehicle is critical in making global mobility
safer, more efficient, sustainable and affordable: this is what
drives LeddarTech to seek to become the most widely adopted sensor
fusion and perception software solution.
Additional information about LeddarTech is
accessible at www.LeddarTech.com and on LinkedIn, Twitter (X),
Facebook and YouTube.
About Prospector Capital
Corp.
Prospector is a special-purpose acquisition
company formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses with a
focus on companies with advanced and highly differentiated
solutions for the technology sector. The company is led by a team
of experienced investors and executives focused on identifying and
investing in high-growth companies with strong management teams and
attractive market opportunities. Prospector’s securities are traded
on NASDAQ under the ticker symbols “PRSR,” “PRSRU” and “PRSRW.”
Important Information About the Proposed
Transaction and Where to Find It
In connection with the proposed business
combination, Prospector, LeddarTech and Newco will prepare and will
file with the SEC the registration statement on Form F-4 (the
“Registration Statement”), and Prospector will mail the proxy
statement/prospectus contained within the Registration Statement to
its shareholders and file other documents regarding the business
combination with the SEC. This press release is not a substitute
for any proxy statement, registration statement, proxy
statement/prospectus or other documents Prospector or Newco may
file with the SEC in connection with the business combination.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN
THEIR ENTIRETY THE REGISTRATION STATEMENT WHEN IT BECOMES
AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE REGISTRATION
STATEMENT AND OTHER DOCUMENTS FILED BY PROSPECTOR OR NEWCO WITH THE
SEC IN CONNECTION WITH THE BUSINESS COMBINATION, BECAUSE THESE
DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and
security holders will be able to obtain free copies of the
Registration Statement and other documents filed with the SEC by
Prospector or Newco through the website maintained by the SEC at
www.sec.gov.
Forward-Looking Statements
Certain statements contained in this press
release may be considered forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act and Section 21E of the
Exchange Act (which forward-looking statements shall also include
forward-looking statements and forward-looking information within
the meaning of applicable Canadian securities laws), including, but
not limited to, statements regarding the business combination
involving Prospector, LeddarTech and Newco, the ability to
consummate the business combination and the timing thereof, the
anticipated benefits from the business combination, the closing of
the private placement financing and expected proceeds therefrom and
statements relating to Newco’s anticipated strategy, future
operations, prospects, objectives and financial projections and
other financial metrics. Forward-looking statements generally
include statements that are predictive in nature and depend upon or
refer to future events or conditions, and include words such as
“may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,”
“likely,” “believe,” “estimate,” “project,” “intend” and other
similar expressions among others. Statements that are not
historical facts are forward-looking statements. Forward-looking
statements are based on current beliefs and assumptions that are
subject to risks and uncertainties and are not guarantees of future
performance. Actual results could differ materially from those
contained in any forward-looking statement as a result of various
factors, including, without limitation: (i) the risk that the
conditions to the closing of the business combination are not
satisfied, including the failure to timely or at all obtain
shareholder approval for the business combination or the failure to
timely or at all obtain any required regulatory clearances,
including of the Superior Court of Justice of Québec; (ii)
uncertainties as to the timing of the consummation of the business
combination and the ability of each of Prospector, LeddarTech and
Newco to consummate the business combination; (iii) the possibility
that other anticipated benefits of the business combination will
not be realized, and the anticipated tax treatment of the business
combination; (iv) the occurrence of any event that could give rise
to termination of the business combination; (v) the risk that
shareholder litigation in connection with the business combination
or other settlements or investigations may affect the timing or
occurrence of the business combination or result in significant
costs of defense, indemnification and liability; (vi) changes in
general economic and/or industry-specific conditions; (vii)
possible disruptions from the business combination that could harm
LeddarTech’s business; (viii) the ability of LeddarTech to retain,
attract and hire key personnel; (ix) potential adverse reactions or
changes to relationships with customers, employees, suppliers or
other parties resulting from the announcement or completion of the
business combination; (x) potential business uncertainty, including
changes to existing business relationships, during the pendency of
the business combination that could affect LeddarTech’s financial
performance; (xi) legislative, regulatory and economic
developments; (xii) unpredictability and severity of
catastrophic events, including, but not limited to, acts of
terrorism, outbreak of war or hostilities and any epidemic,
pandemic or disease outbreak (including COVID-19), as well as
management’s response to any of the aforementioned factors; (xiii)
access to capital and financing and LeddarTech’s ability to
maintain compliance with debt covenants; and (xiv) other risk
factors as detailed from time to time in Prospector’s reports filed
with the SEC, including Prospector’s Annual Report on Form 10-K,
periodic Quarterly Reports on Form 10-Q, periodic Current Reports
on Form 8-K and other documents filed with the SEC, as well as the
risk factors to be contained in the Registration Statement. The
foregoing list of important factors is not exhaustive. Neither
Prospector nor LeddarTech can give any assurance that the
conditions to the business combination will be satisfied. Except as
required by applicable law, neither Prospector nor LeddarTech
undertakes any obligation to revise or update any forward-looking
statement, or to make any other forward-looking statements, whether
as a result of new information, future events or otherwise.
No Offer or Solicitation
This press release does not constitute an offer
to sell or the solicitation of an offer to buy any securities of
Prospector or Newco, a solicitation of any vote or approval, nor
shall there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offer of securities shall be made except by means
of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended (the “Securities Act”).
Participants in
Solicitation
Prospector, LeddarTech and Newco, and certain of
their respective directors, executive officers and employees, may
be deemed to be participants in the solicitation of proxies in
connection with the business combination. Information about the
directors and executive officers of Prospector can be found in the
Annual Report on Form 10-K for the fiscal year ended December 31,
2022, which was filed with the SEC on March 31, 2023. Information
regarding the persons who may, under the rules of the SEC, be
deemed participants in the solicitation of proxies in connection
with the business combination, including a description of their
direct or indirect interests, by security holdings or otherwise,
will be set forth in the Registration Statement and other relevant
materials when they are filed with the SEC. These documents can be
obtained free of charge from the source indicated above.
Contact:Daniel Aitken,
Vice-President, Global Marketing, Communications and Investor
Relations, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232
daniel.aitken@LeddarTech.com
- Investor relations
website: investors.LeddarTech.com
- Investor relations
contact: Kevin Hunt, ICR Inc. kevin.hunt@icrinc.com
- Financial media
contact: Dan Brennan, ICR Inc. dan.brennan@icrinc.com
Leddar, LeddarTech, LeddarVision, LeddarSP,
VAYADrive, VayaVision and related logos are trademarks or
registered trademarks of LeddarTech Inc. and its subsidiaries. All
other brands, product names and marks are or may be trademarks or
registered trademarks used to identify products or services of
their respective owners.
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