On June 13, 2023, Prospector Capital Corp. announced its business combination agreement with LeddarTech for a pro-forma equity value of US$ 348 million. Through this agreement, LeddarTech will be provided with US$ 66 million in gross cash proceeds which will be utilized towards expanding their range of products and customer engagements levels and to fund the commercialization of its first embedded software solutions.
Prospector Capital Corp. is a publicly traded special purpose acquisition company.
LeddarTech is a Canadian automotive software company that focuses on providing patented disruptive low-level sensor fusion and perception software technology for advanced driver assistance systems (ADAS) and automated driving systems (ADS).
Osler, Hoskin & Harcourt LLP advised Prospector Capital Corp. with a team consisting of Shahir Guindi, Calvin Leung, Véronique Fortin-Latreille, Samuel Cantin, Joshua Blatt, Issa Ammari (Corporate), Bastien Gauthier, Jeremy Brisset, Jean Philippe Bertrand (Securities), Mark Brender, David Wilson and Jean-Philippe Dionne (Tax), Étienne Massicotte, Samuel Julien (Financial Services) and Maryna Polataiko, Katelyn Smith (Privacy) and Sarah Firestone (Litigation).