Automotive Software Maker LeddarTech Inks SPAC Deal To Go Public On NASDAQ
Québec City-based automotive software provider LeddarTech has reached an agreement to merge with Prospector, a publicly-traded special purpose acquisition company (SPAC) led by former Qualcomm executives.
LeddarTech builds systems that help autonomous vehicles understand their surroundings. This SPAC deal, which is expected to close by the fourth quarter, gives LeddarTech a $348-million USD pro-forma equity valuation. Once it is complete, LeddarTech expects to become listed on the Nasdaq under the symbol LDTC.
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