Vehicle tech firm LeddarTech skirts IPO dry spell to go public in US
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LeddarTech finds way onto public markets via merger with ‘blank-check’ company
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The IPO market all but dried up in 2023, but that didn’t stop a promising Quebec City-based software company from finding its way onto public markets late in the year via a merger with a “blank-check” company listed in the U.S.
LeddarTech, which made its name manufacturing the LiDAR technology that autonomous vehicles use to sense their surroundings, completed a merger with Prospector Capital Corp. on Dec. 21 and began trading on the Nasdaq under the ticker LDTC.
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Marisa Coulton
2023-12-28 11:42:05
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