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PRSR

Prospector Capital Corp

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LeddarTech, an AI-based automotive software company, has completed its business combination with Prospector Capital Corp. and will start trading on Nasdaq under the ticker symbols 'LDTC' for common shares and 'LDTCW' for warrants. The company specializes in sensor fusion and perception software for ADAS and AD, aiming to enhance vehicle intelligence and reduce costs for OEMs and Tier 1s. With the automotive industry shifting towards software-defined vehicles, LeddarTech's market is expected to grow significantly. The company has raised $58.6 million in capital to support its technology's adoption and growth. Charles Boulanger, the retiring CEO, will be succeeded by Frantz Saintellemy, with Derek Aberle as the new Chairman of the Board.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:33 pm

Prospector Capital Corp. (PRSR, PRSRU, PRSRW) has announced a new record and distribution date of December 21, 2023, for the issuance of dividend shares in connection with its proposed business combination with LeddarTech Inc. and LeddarTech Holdings Inc. The dividend will be distributed to holders of Class A ordinary shares and units of Prospector that were not redeemed. The issuance is contingent upon the completion of the business combination, which is subject to customary closing conditions and was approved by shareholders on December 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:53 pm

Shareholders of Prospector Capital Corp. (PRSR) have voted to approve the business combination with LeddarTech Holdings. The record date for the issuance of one additional Prospector Class A Share for each non-redeemed share will be on the closing date of the transaction.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 2:32 pm

Prospector Capital Corp. (PRSR, PRSRU, PRSRW) has announced that the business combination with LeddarTech Inc. has not yet closed due to unmet conditions, including Nasdaq's approval for listing Newco's shares post-merger. There is uncertainty whether the merger will complete by the December 31, 2023 deadline set by Prospector's governing documents. If not completed, Prospector will wind up operations and redeem its Class A shares with funds from its trust account.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:09 pm

LeddarTech and Prospector Capital announced the effectiveness of their registration statement and scheduled an Extraordinary General Meeting for December 13, 2023, to approve their business combination. This step is crucial for the merger process, which will result in LeddarTech becoming a publicly traded company through Prospector Capital's SPAC structure.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 10:32 pm

LeddarTech and Prospector Capital have entered into a definitive business combination agreement, which will result in LeddarTech becoming a publicly listed company on Nasdaq under the ticker symbol 'LDTC' by Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:25 am

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