- New financial amendments extend LeddarTech (LDTC, Financial) debt maturities to January 31, 2026.
- FS Investment Management provides a US$2 million bridge-to-equity term loan.
- Partial workforce reinstatement initiated to support commercial activities, with uncertainty over full recall.
LeddarTech (LDTC), a leader in AI-powered sensor fusion and perception software for automotive applications, has announced considerable updates regarding its financial structure and workforce. The company has secured an eighteenth amendment to its credit facility with Desjardins, allowing for the postponement of interest and fee payments until January 31, 2026. Additionally, the amendment to the bridge loan agreement with Bridge Lenders extends the loan maturity to the same date.
To sustain its commercial activities, LeddarTech has received a new US$2 million bridge-to-equity term loan from FS Investment Management. This loan is intended for potential equity investments or commercial transactions. Despite this financial maneuvering, the company maintains caution about its ability to secure further funding or complete commercial deals, indicating ongoing cash flow challenges.
In terms of workforce management, LeddarTech has begun recalling certain employees who were previously furloughed as of June 4th, 2025. The return to work is focused on supporting the company's ongoing commercial efforts. However, the timing and scale of further employee reinstatements remain uncertain, reflecting the company's measured approach amid its financial restructuring efforts.
LeddarTech, headquartered in Quebec City, continues to leverage its technology for advanced driver assistance systems (ADAS) and autonomous driving applications. Despite the financial challenges, the company is committed to enhancing its market presence with innovative solutions.
