LeddarTech, a Disruptive Automotive Software Provider, to Become a Public Company Via Business Combination With Prospector Capital Corp.
LeddarTech has the potential to disrupt the markets for Advanced Driver Assistance Systems ("ADAS") and Autonomous Driving ("AD") with patented low-level sensor fusion and perception software products.LeddarTech's unique solution solves current limitations, enabling leading automotive original equipment manufacturers ("OEMs") and Tier 1-2 suppliers to drive ADAS and AD to new levels of performance, safety and adoption.The transaction is expected to provide the company with up to U.S. $66 million in gross proceeds, including up to U.S. $23 million in proceeds from the Prospector trust account (assuming no redemptions) and U.S. $43 million in convertible PIPE proceeds.The transaction values Le
