LeddarTech Announces Intention to File under the Bankruptcy and Insolvency Act in Canada

Quebec Metropolis, Canada, June 16, 2025 (Globe Newswire) – LED dartech^® Holdings Inc. (“Leddartech” or the “firm”) (Nasdaq: LDTC), An AI-driven software program firm acknowledged for its innovation in Superior Driver Help Methods (ADAS) and Autonomous Driving (AD), immediately publicizes that it’s additional on its press launch of 11 June 2025 Chapter and Insolvency Act (Canada) (the “BIA”).

Na een zorgvuldige overweging van alle beschikbare alternatieven, inclusief het uitvoeren van een strategische beoordeling die niet succesvol was bij het identificeren van een geschikte acquirer of commerciële accomplice of voldoende kapitaal verhogen, evenals de onderneming die een kennisgeving van verzuim heeft ontvangen onder haar brugfinancieringsaanbieding die in de BIA in de BIA was, is de Raad van Directeuren van het bedrijf in de BIA in de BIA in de BIA in de BIA in de BIA Within the BIA deployment that was within the Bia within the Bia. executable. The corporate expects Raymond Chabot Inc., a acknowledged insolvency trustee, to be appointed because the Trustee beneath the BIA process.

In reference to the BIA process, every member of the Board of Administrators of the corporate will talk about the task beneath the BIA.

As was introduced within the press launch of 11 June 2025, the corporate doesn’t count on to renew lively actions and traders warns that there’s a appreciable threat that holders of our results will obtain little to no worth beneath the BIA process.

Additional bulletins relating to the standing of the BIA process of the corporate will likely be made as developments. Extra info relating to the BIA process will likely be accessible sooner or later on the web site of Raymond Chabot Inc.

The corporate expects its strange shares and warrants to be stopped on the Nasdaq because of the BIA process. The corporate expects it to ultimately be faraway from the Nasdaq.

Over LED dartech

A worldwide software program firm based in 2007 and its headquarters in Quebec Metropolis with Further R&D facilities in Montreal and Tel Aviv, Israel, Leddartech develops and provides in depth AI-based AI-based low-level sensor fusion and notion software program options (adas, autonomsasses make-ups. Leddartech’s Automotive-Grade Software program applies superior AI and laptop imaginative and prescient algorithms to generate correct 3D fashions of the surroundings to realize higher decision-making and safer navigation. This highly effective, scalable, cost-effective know-how is on the market for OEMs and Tier 1-2 suppliers to effectively implement ADAS options for ADAS options for automotive and off-road automobile.

Leddartech is accountable for numerous distant distant improvements, with greater than 190 patent functions (112 granted) that enhance ADAS, AD and parking choices. A greater consciousness across the automobile is essential to make world mobility safer, extra environment friendly, extra sustainable and extra reasonably priced: that is what Leddartech encourages to turn out to be probably the most assumed sensor fusion and notion software program resolution.

Extra details about Leddartech is accessible at http://www.leddartech.com and on LinkedIn“ Twitter (X)“ Facebook And YouTube.

Ahead -looking Pronouncement

Sure statements on this press launch will be thought to be future -oriented statements inside the that means of the US Non-public Securities Litigation Reform Act of 1995, part 27A of the Securities Act of 1933, as amended, and part twenty first of the Securities Trade Act of 1934, as a future -oriented explanations are additionally modified (What can be modified explanations are modified statements are additionally modified explanations (explanations of explanations are additionally modified explanations (explanations of explanations. Statements are additionally considered and future-oriented info within the legal guidelines). “” Consider, “” EstiMate, “” Mission, “” Intend “and Different Related Expressions Amongst Others. On this press launch. Ahead-looking statements are based mostly on present beliefs and assumptions which might be topic to dangers and uncertainties, together with the chance components corresponding to Leddartech’s studies which were submitted to the US Securities and Trade Fee (the “LED Kind. Necessary components is just not exhaustive.

Contact:
Chris Stewart, Chief Monetary Officer, Leddartech Holdings Inc.
Tel.: + 1-514-427-0858, chris.stewart@leddartech.com

Leddar, Leddartech, Leddarvision, Leddarsp, Vayadrive, Vayavision and associated logos are emblems or registered buying and selling marks by LED dartech Holdings Inc. and be subsidiaries. All different to note, product take And Manufacturers are or will be emblems or registered emblems which might be used Establish services or products of their respectively OWNers.

LED dartech Holdings Inc. is A public firm acknowledged on the Nasdaq beneath the ticker image “LDTC.”