LDTC Overview

LeddarTech Bankruptcy and Delisting: LeddarTech Holdings Inc. announced its intention to file for bankruptcy under the Canadian Bankruptcy and Insolvency Act, leading Nasdaq to suspend trading of its securities on June 24, 2025, and subsequently delist the company due to financial instability concerns.

Board Resignation and Future Proceedings: Following the bankruptcy filing, LeddarTech's board of directors has resigned, and the company does not plan to appeal Nasdaq's decision; further details regarding the bankruptcy proceedings will be available through Raymond Chabot Inc.'s website.

Nasdaq Delisting Notification: LeddarTech has received a letter from Nasdaq indicating that its securities will be suspended from trading on June 24, 2025, due to concerns about the company's potential bankruptcy filing and compliance with listing requirements.

No Appeal Planned: The company does not intend to appeal Nasdaq's determination regarding the delisting.

Beyond Air's Financial Performance: Beyond Air, Inc. shares dropped 23.5% in pre-market trading after reporting a fourth-quarter loss of nine cents per share, which was better than expected, but revenue of $1.15 million fell short of analyst estimates.

Market Movements: Various stocks experienced significant fluctuations in pre-market trading, with PTL Limited surging 148% and Catalyst Biosciences, Inc. plummeting 59.4%.

Lennar Corporation Earnings Report: Lennar's shares rose 2.3% in pre-market trading after reporting second-quarter earnings of $1.90 per share, slightly missing estimates, while revenue of $8.38 billion exceeded expectations.

Stock Movements: Various stocks saw significant pre-market movements, with XCF Global and Salarius Pharmaceuticals surging over 110%, while Sunrun Inc experienced a sharp decline of 27.4% following a downgrade by Jefferies.

Bankruptcy Announcement: LeddarTech Holdings Inc. plans to file for bankruptcy under the Bankruptcy and Insolvency Act (Canada), believing it to be in the best interest of the company and its stakeholders.

Impact on Operations and Shares: The company does not expect to resume operations, warns investors of potential losses, and anticipates a halt in trading of its shares on Nasdaq, with possible delisting to follow.

Bankruptcy Filing: LeddarTech Holdings Inc. plans to file for bankruptcy due to unsuccessful attempts to secure financing or find a buyer, compounded by a notice of default on debt obligations.

Impact on Shareholders: The company's common shares and warrants will be halted from trading on Nasdaq, with significant risks that shareholders may receive little to no value during the bankruptcy proceedings overseen by Raymond Chabot Inc.