Nasdaq issues warning notice to LeddarTech
LeddarTech Holdings Inc., an automotive software company based in Quebec City, Canada, has received a notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC. The notice indicates a 180-day period to regain compliance with the Listing Requirement, as the company's common shares did not meet the minimum bid price of US$1.00 per share required for continued listing on the Nasdaq Capital Market.
Founded in 2007, LeddarTech specialises in developing and providing comprehensive AI-based low-level sensor fusion and perception software solutions for Advanced Driver-Assistance Systems (ADAS), autonomous driving (AD), and parking applications. The company has additional R&D centres in Montreal and Tel Aviv, Israel.
In 2025, LeddarTech collaborated with Texas Instruments and other Tier-1 and Tier-2 suppliers to develop solutions for autonomous driving and ADAS applications. The company's technology is available to OEMs and Tier 1-2 suppliers for efficient implementation of automotive and off-road vehicle ADAS solutions.
LeddarTech's technology, known as LeddarVisionTM, applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment for better decision making and safer navigation. The company boasts over 170 patent applications (87 granted) that enhance ADAS, AD, and parking capabilities.
However, the company's current situation may pose a challenge. There is no assurance that LeddarTech will be able to regain compliance with the Listing Requirement or maintain compliance with other Nasdaq Capital Market continued listing requirements. The risks associated with this situation are disclosed under "Item 3.D - Key Information - Risk Factors" in LeddarTech's Annual Report on Form 20-F for the year ended September 30, 2024.
At this time, LeddarTech is not providing any updates or forecasts regarding its financial position or operating results. Forward-looking statements in this Press Release may depend upon or refer to future events or conditions and include statements about LeddarTech's anticipated strategy, future operations, prospects, objectives, financial projections, and ability to comply with Nasdaq Capital Market listing standards in the future.
Additional information about LeddarTech can be found on its website, LinkedIn, Twitter, Facebook, and YouTube. The company encourages investors to carefully review the disclosures regarding this matter in its Report of Foreign Private Issuer on Form 6-K and Annual Report on Form 20-F, filed with the Securities and Exchange Commission.
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