LeddarTech Holdings Inc., a company listed on Nasdaq under the symbol LDTC, has entered into a Standby Equity Purchase Agreement (SEPA) with Yorkville, effective as of April 15, 2024. The agreement, filed with the SEC on May 29, 2024, allows LeddarTech to sell up to $50 million in common shares over a 36-month period. The company retains the right to terminate the SEPA with a five-day notice, under certain conditions. The sale price for the shares will be at a 3% to 4% discount based on the volume-weighted average price, with a cap on the number of shares Yorkville can own and restrictions on Yorkville's short-selling activities. Proceeds from the SEPA are intended for the repayment of debt under the Desjardins Credit Facility...Show More

LeddarTech Holdings Inc., a company listed on Nasdaq under the symbol LDTC, has entered into a Standby Equity Purchase Agreement (SEPA) with Yorkville, effective as of April 15, 2024. The agreement, filed with the SEC on May 29, 2024, allows LeddarTech to sell up to $50 million in common shares over a 36-month period. The company retains the right to terminate the SEPA with a five-day notice, under certain conditions. The sale price for the shares will be at a 3% to 4% discount based on the volume-weighted average price, with a cap on the number of shares Yorkville can own and restrictions on Yorkville's short-selling activities. Proceeds from the SEPA are intended for the repayment of debt under the Desjardins Credit Facility and for general corporate purposes. The company has also filed a registration statement with the SEC for the resale of shares by Yorkville. The execution of share sales under the SEPA is contingent upon meeting specific conditions. LeddarTech's ongoing financial performance and its ability to continue operations hinge on securing additional capital and creditor support. In the event that further capital is not obtained, the company has prepared a cost management plan to mitigate financial challenges.