Vedder Price is pleased to announce that it is representing LeddarTech Inc, a Canadian automotive software company that provides disruptive low-level sensor fusion and perception software technology for ADAS and AD, in connection with its business combination with Prospector Capital Corp, a publicly-traded special purpose acquisition company (SPAC). The business combination will result in LeddarTech becoming a publicly traded company with its shares listed on the Nasdaq stock market. The transaction is expected to provide the combined company with up to $66 million in funds, including $23 million from Prospector’s trust fund (assuming no redemptions) and $43 million raised from PIPE financing. The deal is expected to close in the fourth quarter of 2023.
The Vedder Price team advising LeddarTech is being led by Securities & Capital Markets Shareholder John Blatchford and Finance & Transactions Shareholder Kenneth Gerasimovich, and includes Securities & Capital Markets Counsel Christopher Barrett, and Associates Samuel Esclavon and Juliet Todd, Finance & Transactions Associates Melissa Parres, Alexa Zelmanowicz and Austin Young, Tax Shareholder Matthew Larvick, Counsel Amy Lewis and Associate Robbie Alipour, Executive Compensation Shareholder Daniel Lange, Christopher Collins and Associate Amal Rafiq, and Antitrust Shareholder Brian McCalmon.
Read LeddarTech’s press release here.
June 15, 2023 -
