Nasdaq issues warning notice to LeddarTech regarding compliance issues

LeddarTech Holdings Inc., an automotive software company headquartered in Quebec City with additional research and development centres in Montreal and Tel Aviv, Israel, has received a deficiency notice from Nasdaq. The notice indicates that the company did not meet the minimum bid price of US$1.00 per share for 30 consecutive business days.

The company's stock ticker is LDTC on Nasdaq. LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions, aiming to become the most widely adopted in the industry. Their patented technology, LeddarVision™, enables the deployment of Advanced Driver-Assistance Systems (ADAS), autonomous driving (AD), and parking applications.

The technology is designed to improve decision-making and ensure safer navigation. LeddarTech boasts over 170 patent applications, with 87 already granted, for remote-sensing innovations that enhance ADAS, AD, and parking capabilities.

Despite the deficiency notice, LeddarTech intends to actively monitor its closing bid price and evaluate available options to regain compliance. The company has 180 calendar days to do so, as per Nasdaq's Listing Requirement.

It's important to note that this deficiency notice has no immediate effect on LeddarTech's listing, which will continue to be listed and traded on Nasdaq under the symbol "LDTC". However, there is no assurance that LeddarTech will be able to regain compliance or maintain compliance with other Nasdaq Capital Market continued listing requirements.

Risk factors related to this situation are disclosed under "Item 3.D - Key Information - Risk Factors" in LeddarTech's Annual Report on Form 20-F. These risks include maintaining compliance with Nasdaq Capital Market's listing standards, accessing capital and financing, executing on business model, and other factors detailed in their reports filed with the U.S. Securities and Exchange Commission.

Additional information about LeddarTech can be found on their website, LinkedIn, Twitter, Facebook, and YouTube. Unfortunately, the name of the CEO or General Director of LeddarTech Holdings Inc. is not explicitly mentioned in the available search results.

For more detailed information regarding this situation, investors are encouraged to refer to LeddarTech's Report of Foreign Private Issuer on Form 6-K and Annual Report on Form 20-F. The disclosures regarding this situation can be found in these reports.

LeddarTech's forward-looking statements are subject to various risks and uncertainties. The company's automotive-grade software uses advanced AI and computer vision algorithms to generate accurate 3D models of the environment. The success of these technologies will play a significant role in LeddarTech's future performance.

Investors are advised to carefully consider these risks and uncertainties when making investment decisions. As always, it's recommended to consult with a financial advisor for personalised advice.