LeddarTech Holdings Inc. Files 2024 Annual Report

TL;DR

LeddarTech filed its 2024 20-F, check it for the latest on their software biz.

AI Summary

LeddarTech Holdings Inc. filed its annual report on Form 20-F for the fiscal year ended September 30, 2024. The company, incorporated in Quebec, Canada, is a software provider in the prepackaged software industry. Its principal executive offices are located at 4535, Boul. Wilfrid-Hamel, Suite 240, Quebec City, G1P2J7.

Why It Matters

This filing provides investors with a comprehensive overview of LeddarTech's financial performance and business operations for the past fiscal year, crucial for assessing the company's health and future prospects.

Risk Assessment

Risk Level: medium — As a publicly traded company filing an annual report, there are inherent risks associated with investment, but no specific immediate red flags are apparent from this filing alone.

Key Numbers

• 2024 — Fiscal Year End (The report covers the fiscal year ending September 30, 2024.)
• 001-41893 — SEC File Number (Identifies this specific filing with the SEC.)

Key Players & Entities

• LeddarTech Holdings Inc. (company) — Registrant
• September 30, 2024 (date) — Fiscal year end
• 4535, Boul. Wilfrid-Hamel, Suite 240, Quebec City, G1P2J7 (address) — Principal executive offices
• 001-41893 (filing_id) — SEC File Number

FAQ

Key Financial Figures

• $200 million — a negotiated aggregate equity value of $200 million (valued at $10.00 per share) plus an am
• $10.00 — equity value of $200 million (valued at $10.00 per share) plus an amount equal to the
• $43.0 million — ggregate principal amount of at least US$43.0 million (the "PIPE Financing"). PIPE Investors
• $0.0001 — ctor Class A ordinary shares, par value $0.0001 per share (the "Prospector Class A Shar
• $10.93 — redeem those shares for approximately US$10.93 per share, or a total of approximately
• $9.3 million — per share, or a total of approximately $9.3 million paid from Prospector's trust account (t
• $644.2 million — eddarTech had an accumulated deficit of $644.2 million as at September 30, 2024, and, for the
• $167.3 million — a net loss from continuing expenses of $167.3 million and $43.8 million, respectively. For th
• $43.8 m — ntinuing expenses of $167.3 million and $43.8 million, respectively. For the fiscal yea
• $40.9 million — g and investing activities amounting to $40.9 million and $11.5 million, respectively, and fo
• $11.5 m — tivities amounting to $40.9 million and $11.5 million, respectively, and for the fiscal
• $36.7 million — e fiscal year ended September 30, 2023, $36.7 million and $11.2 million, respectively. As of
• $11.2 m — d September 30, 2023, $36.7 million and $11.2 million, respectively. As of December 20,
• $9.89 million — (as defined below) and including the US$9.89 million royalty fee under the software license
• $106.4 million — er IFRS), the Company had approximately $106.4 million of indebtedness outstanding. See " Item

Filing Documents

• ea0225264-20f_leddar.htm (20-F) — 1662KB
• ea022526401ex4-23_leddar.htm (EX-4.23) — 65KB
• ea022526401ex4-35_leddar.htm (EX-4.35) — 55KB
• ea022526401ex4-38_leddar.htm (EX-4.38) — 60KB
• ea022526401ex4-39_leddar.htm (EX-4.39) — 74KB
• ea022526401ex11-1_leddar.htm (EX-11.1) — 76KB
• ea022526401ex12-1_leddar.htm (EX-12.1) — 10KB
• ea022526401ex12-2_leddar.htm (EX-12.2) — 10KB
• ea022526401ex13-1_leddar.htm (EX-13.1) — 4KB
• ea022526401ex13-2_leddar.htm (EX-13.2) — 4KB
• ea022526401ex99-1_leddar.htm (EX-99.1) — 2942KB
• image_001.jpg (GRAPHIC) — 221KB
• image_002.jpg (GRAPHIC) — 52KB
• image_003.jpg (GRAPHIC) — 119KB
• image_004.jpg (GRAPHIC) — 67KB
• image_005.jpg (GRAPHIC) — 93KB
• image_006.jpg (GRAPHIC) — 94KB
• image_007.jpg (GRAPHIC) — 96KB
• ex4-23_001.jpg (GRAPHIC) — 3KB
• ex4-23_002.jpg (GRAPHIC) — 2KB
• ex99-1_001.jpg (GRAPHIC) — 11KB
• 0001213900-24-112300.txt ( ) — 22249KB
• lthi-20240930.xsd (EX-101.SCH) — 205KB
• lthi-20240930_cal.xml (EX-101.CAL) — 83KB
• lthi-20240930_def.xml (EX-101.DEF) — 694KB
• lthi-20240930_lab.xml (EX-101.LAB) — 1232KB
• lthi-20240930_pre.xml (EX-101.PRE) — 717KB
• ea0225264-20f_leddar_htm.xml (XML) — 4161KB

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 130 ITEM 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 130 Part II ITEM 13. Defaults, Dividend Arrangements and Delinquencies 131 ITEM 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 131 ITEM 15.

Controls and Procedures

Controls and Procedures 131 ITEM 16. [Reserved] 133 ITEM 16A. Audit Committee Financial Expert 133 ITEM 16B. Code of Ethics 134 ITEM 16C. Principal Accountant Fees and Services 134 ITEM 16D. Exemptions from the Listing Standards for Audit Committees 135 ITEM 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 135 ITEM 16F. Change in Registrant's Certifying Accountant 135 ITEM 16G. Corporate Governance 136 ITEM 16H. Mine Safety Disclosure 137 ITEM 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 137 ITEM 16J. Insider Trading Policies 137 ITEM 16K. Cybersecurity 138 Part III ITEM 17.

Financial Statements

Financial Statements 140 ITEM 18.

Financial Statements

Financial Statements 140 ITEM 19. Exhibits 140 i EXPLANATORY NOTE – AUDITED FINANCIAL STATEMENTS On December 18, 2024, LeddarTech Holdings Inc. (the "Company") furnished to the Securities and Exchange Commission under cover of Report of Foreign Issuer on Form 6-K the financial statements of the Company as of September 30, 2023 and 2024 and for the three years ended September 30, 2022, 2023 and 2024 (the "Form 6-K Financial Statements"). The audited financial statements included herein pursuant to Item 18 of this Annual Report on Form 20-F (the "Audited Financial regarding the recast of the Company's audited and previously issued consolidated statement of loss and comprehensive loss, consolidated modules operations for the year ended September 30, 2022 ("Discontinued Operations"). See Note 7 to the Audited Financial Operations not contained in the 6-K Financial Statements, as well as additional footnote disclosures, including with respect to segments, inventory write-downs, previously-reported impairment loss and stock-based compensation. ii Explanatory Note – BUSINESS COMBINATION On June 12, 2023, LeddarTech Holdings Inc., a company incorporated under the laws of Canada ("Newco") entered into the Business Combination Agreement, as amended on September 25, 2023 (the "BCA"), by and among Newco, Prospector Capital Corp., a Cayman Islands exempted company ("Prospector"), and LeddarTech Inc., a corporation existing under the laws of Canada ("LeddarTech"). On December 21, 2023 (the "Closing Date"), as contemplated in the BCA, Prospector, LeddarTech and Newco completed a

View Full Filing

View this 20-F filing on SEC EDGAR