LeddarTech is pleased to announce the completion of its business combination, previously announced on June 13, 2023 with Prospector Capital Corp. 

LeddarTech common shares and warrants to purchase common shares will be listed on the Nasdaq Global Market under the ticker symbols "LDTC" and "LDTCW," respectively.

As an automotive pure software company, LeddarTech offers a very crucial piece of the software stack for ADAS and AD. 

LeddarTech's technology provides vehicles with better environmental understanding models, i.e., a substantially enhanced real-time 3D view of the vehicle's surroundings, which is at the core of making a vehicle intelligent.

Its AI-based, low-level sensor fusion software approach helps reduce Tier 1s and OEMs development and system costs, improves performance and reduces maintenance overhead.

LeddarTech's unique software solution is coming to market at a time when the automotive industry is at a critical inflection point. OEMs and Tier 1-2 suppliers are equipping vehicles with more sensors than ever before — with the promise of increased safety through improved ADAS applications leading to fully autonomous driving in the future. 

The industry has embarked on a transition to "software-defined vehicles", which has OEMs thinking "software first" for better integrated, cost-efficient, flexible vehicle architectures that are easier to maintain and upgrade with continuous software updates. 

ADAS software represents the largest market within automotive software, with an expectation to grow at an 11% CAGR to U.S. $42 billion by 2030.