QUEBEC CITY, June 19, 2025 – Shares of LeddarTech Holdings Inc. (Nasdaq: LDTC), the AI-powered software firm making waves in the advanced driver assistance systems (ADAS) and autonomous driving (AD) space, are set to be yanked from the Nasdaq. The exchange informed the company on June 17, 2025, that its stock will be suspended from trading come June 24, 2025, and subsequently delisted.
The Nasdaq’s decision stems from concerns surrounding LeddarTech’s announced intention to file under the Bankruptcy and Insolvency Act (Canada), a move that naturally raises public interest scrutiny. Other factors include the diminished value for existing shareholders and the company’s ability to maintain compliance with Nasdaq’s rigorous listing standards.
While the company has the right to appeal this decision, it appears LeddarTech will not pursue that path. Consequently, investors should brace themselves for the trading halt on June 24th, which will follow completion of the necessary paperwork with the Securities and Exchange Commission.
Diving into the BIA Filing
Following up on a previous announcement on June 16, 2025, the company confirmed its filing under the BIA on June 18, 2025. In a related move, the board of directors has resigned, effective on the same date.
Further details regarding the BIA proceedings will be released via the website of Raymond Chabot Inc.
A Look at LeddarTech
Founded in 2007 and headquartered in Quebec City, with R&D centers in Montreal and Tel Aviv, Israel, LeddarTech has carved a niche in the industry with its AI-driven software solutions. The company focuses on low-level sensor fusion and perception software, providing the critical technology needed for ADAS, autonomous driving, and parking applications. Its automotive-grade software leverages advanced AI and computer vision to create detailed 3D models, contributing to safer and more informed navigation decisions and, ultimately, safer roads.
LeddarTech has amassed an impressive portfolio of over 190 patent applications, with 112 already granted, reflecting its commitment to innovation in remote-sensing. Its mission is clear: to become the leading sensor fusion and perception software solution, making global mobility safer, more efficient, and sustainable.
For more information, visit www.leddartech.com and follow on LinkedIn, Twitter (X), Facebook and YouTube.
Forward-Looking Statements Disclaimer
This press release includes forward-looking statements based on current expectations and future prospects, subject to inherent risks and uncertainties. Such statements involve assumptions about future events. Actual outcomes may differ from those projected. LeddarTech’s filings with the SEC, including its Form 20-F, provide further detail on these risks. LeddarTech is not obligated to update forward-looking statements unless required by law.
Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/2900.html
