LeddarTech Holdings (LDTC) has released an update.
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LeddarTech Holdings Inc. has received a bridge financing offer from a consortium of lenders led by Fédération des caisses Desjardins du Québec, Investissement Québec, and FS LT Holdings II LP, to support the company’s cash flow until it can complete a follow-on offering on the Nasdaq Global Market. The agreement stipulates a combined total of US$6 million in bridge loans, with specific terms for disbursement and repayment, including interest capitalization and maturity dates tied to the successful completion of the follow-on offering.
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