Quebec City, Canada, June 16, 2025 (Globe Newswire) – LED dartech® Holdings Inc. (“Leddartech” or the “company”) (Nasdaq: LDTC), An AI-driven software company recognized for its innovation in Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD), today announces that it is further on its press release of 11 June 2025 Bankruptcy 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 partner of voldoende kapitaal verhogen, evenals de onderneming die een kennisgeving van verzuim heeft ontvangen onder haar brugfinancieringsaanbieding die in de BIA van de BIA in de BIA was, de BIA in de BIA in de BIA -inzet in de BIA in de BIA -inzet In the BIA in the BIA deployment of the BIA in the BIA entry into the bankruptcy. executable. The company expects Raymond Chabot Inc., a recognized insolvency trustee, to be appointed as the Trustee under the BIA procedure.
In connection with the BIA procedure, each member of the Board of Directors of the company will discuss the assignment under the BIA.
As was announced in the press release of 11 June 2025, the company does not expect to resume active activities and investors warns that there is a considerable risk that holders of our effects will receive little to no value under the BIA procedure.
Further announcements regarding the status of the BIA procedure of the company will be made as developments. Additional information regarding the BIA procedure will be available in due course on the website of Raymond Chabot Inc.
The company expects its ordinary shares and warrants to be stopped at the Nasdaq as a result of the BIA procedure. The company expects it to eventually be removed from the Nasdaq.
Over LED dartech
A worldwide software company founded in 2007 and its headquarters in Quebec City with Extra R&D centers in Montreal and Tel Aviv, Israel, Leddartech develops and offers extensive AI-based AI-based low-level sensor fusion and perception software solutions (adas, autonomsasses make-ups. Leddartech’s Automotive-Grade Software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision-making and safer navigation. This powerful, scalable, cost-effective technology is available for OEMs and Tier 1-2 suppliers to efficiently implement ADAS solutions for ADAS solutions for automotive and off-road vehicle.
Leddartech is responsible for various remote remote innovations, with more than 190 patent applications (112 granted) that improve ADAS, AD and parking options. A better consciousness around the vehicle is crucial to make global mobility safer, more efficient, more sustainable and more affordable: this is what Leddartech encourages to become the most assumed sensor fusion and perception software solution.
Additional information about Leddartech is accessible at http://www.leddartech.com and on LinkedIn“ Twitter (X)“ Facebook And YouTube.
Forward -looking Pronouncement
Certain statements in this press release can be regarded as future -oriented statements within the meaning of the US Private Securities Litigation Reform Act of 1995, section 27A of the Securities Act of 1933, as amended, and section 21st of the Securities Exchange Act of 1934, as a future -oriented explanations are also changed (What is also changed explanations are changed statements are also changed explanations (explanations of explanations are also changed explanations (explanations of explanations. Statements are also viewed and future-oriented information in the laws). “” Believe, “” EstiMate, “” Project, “” Intend “and Other Similar Expressions Among Others. In this press release. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties, including the risk factors such as Leddartech’s reports that have been submitted to the US Securities and Exchange Commission (the “LED Form. Important factors is not exhaustive.
Contact:
Chris Stewart, Chief Financial Officer, Leddartech Holdings Inc.
Tel.: + 1-514-427-0858, chris.stewart@leddartech.com
Leddar, Leddartech, Leddarvision, Leddarsp, Vayadrive, Vayavision and related logos are trademarks or registered trading marks by LED dartech Holdings Inc. and be subsidiaries. All other to notice, product take And Brands are or can be trademarks or registered trademarks that are used Identify products or services of their respectively OWNers.
LED dartech Holdings Inc. is A public company stated on the Nasdaq under the ticker symbol “LDTC.”
