Mergers and Acquisitions

Prospector Capital Corp. in its business combination with LeddarTech for US$ 348 million

Prospector Capital Corp.
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Calvin Leung

Partner, Emerging and High Growth Companies, Montréal

Véronique Fortin-Latreille

Associate, Corporate, Montréal

Samuel Cantin

Associate, Corporate, Montréal

Joshua Blatt

Associate, Corporate, Montréal

Issa Ammari

Associate, Corporate, Montréal

Bastien Gauthier

Partner, Corporate, Montréal

Jeremy Brisset

Partner, Corporate, Montréal

Jean-Philippe Bertrand

Associate, Corporate, Montréal

Mark Brender

Partner, Tax, Montréal

David Wilson

Partner, Tax, Montréal

Jean-Philippe Dionne

Associate, Tax, Montréal

Etienne Massicotte

Partner, Financial Services, Montréal

Maryna Polataiko

Associate, Privacy and Data Management, Toronto

Katelyn Smith

Associate, Privacy and Data Management, Toronto

Sarah Firestone

Associate, Litigation, Toronto

 

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).

Value
US$ 348 million
Date Closed
June 13, 2023
Lead Office
Montréal
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Calvin Leung

Partner, Emerging and High Growth Companies, Montréal

Véronique Fortin-Latreille

Associate, Corporate, Montréal

Samuel Cantin

Associate, Corporate, Montréal

Joshua Blatt

Associate, Corporate, Montréal

Issa Ammari

Associate, Corporate, Montréal

Bastien Gauthier

Partner, Corporate, Montréal

Jeremy Brisset

Partner, Corporate, Montréal

Jean-Philippe Bertrand

Associate, Corporate, Montréal

Mark Brender

Partner, Tax, Montréal

David Wilson

Partner, Tax, Montréal

Jean-Philippe Dionne

Associate, Tax, Montréal

Etienne Massicotte

Partner, Financial Services, Montréal

Maryna Polataiko

Associate, Privacy and Data Management, Toronto

Katelyn Smith

Associate, Privacy and Data Management, Toronto

Sarah Firestone

Associate, Litigation, Toronto