LeddarTech enters into further amendments to credit facility, bridge financing

LeddarTech (LDTC) announced that it has entered into: an eighteenth amending agreement with Federation des caisses Desjardins du Quebec with respect to the amended and restated financing offer dated as of April 5, pursuant to which Desjardins has agreed to, among other things, temporarily postpone certain payments of interest and fees until January 31, 2026, subject to acceptable cash flow projected payments; and a sixth amending agreement with the initial bridge lenders, certain members of management and the board of directors and FS Investment Management with respect to the bridge financing offer dated as of August 16, 2024 pursuant to which the Bridge Lenders have agreed to, among other things, extend the maturity of the bridge loan to January 31, 2026. The Sixth Amending Agreement to the Bridge Financing Offer also provides for a new bridge to equity term loan by FS Investment Management in the amount of up to S$2,000,000 for the purposes of providing LeddarTech with the cash necessary to complete one or more equity investments or commercial transactions involving LeddarTech and its technology. There is no certainty that LeddarTech will be able to raise additional funds or complete any commercial transaction and there can be no assurance that LeddarTech will be successful in pursuing and implementing any such alternatives, nor any assurance as to the outcome or timing of any such alternatives.