VCI Global Ltd【VCIG】株式ニュース

Not bad 8m floater making a little cash$$
$1.78 + 9% was trading at .30 cents last week

QUEBEC CITY, Canada, Dec. 12, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc.(“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has received the first full installment of the advanced royalty payments provided under the strategic collaboration agreement and software license agreement entered into between LeddarTech and Texas Instruments (“TI”), as announced on December 9, 2024, to enable a comprehensive, integrated platform solution for advanced driver assistance systems (ADAS) and autonomous driving (AD) markets. Under the license agreement, TI has agreed to make advanced royalty payments to catalyze joint commercialization (the “TI Pre-paid Royalty Fee”).In connection with the collaboration and license agreements with TI and the TI Pre-paid Royalty Fee, LeddarTech also announced on December 9, 2024 that it entered into a fourteenth amending agreement (the “Fourteenth Amending Agreement”) with Fédération des caisses Desjardins du Québec (“Desjardins”) with respect to the amended and restated financing offer dated as of April 5, 2023 (the “Desjardins Credit Facility”) and a second amending agreement (the “Second Amending Agreement”) with the initial bridge lenders and certain members of management and the board of directors (collectively, the “Bridge Lenders”) with respect to the bridge financing offer dated as of August 16, 2024 (the “Bridge Financing Offer”). Both the Fourteenth Amending Agreement and the Second Amending Agreement contain certain conditions that were to become applicable in the event that the full first installment of the TI Pre-paid Royalty Fee was not received by December 13, 2024. With the payment received, the conditions have been met to establish the short-term outside date as late as January 31, 2025. Please refer to the press release of December 9, 2024 for further details as well as the Fourteenth Amending Agreement to the Desjardins Credit Facility and the Second Amending Agreement to the Bridge Financing Offer which have been filed under LeddarTech’s SEDAR+ and EDGAR profiles at www.sedarplus.ca and www.sec.gov, respectively.

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