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PRSRU

Prospector Capital Corp

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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

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

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