LeddarTech’s merger with Prospector Capital Corp

On June 18, 2023, LeddarTech Inc.®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, and Prospector Capital Corp., a publicly traded special purpose acquisition company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, announced their entry into a definitive business combination agreement that would result in LeddarTech becoming a publicly listed company.

The combined entity will receive approximately U.S. $23 million from Prospector's trust account, assuming no redemptions by Prospector's public shareholders, as well as U.S. $43 million in gross proceeds from investors including Prospector's sponsor, FS Investors (an affiliate of Prospector's sponsor), Investissement Québec as a representative of the Government of Québec, Desjardins Capital and BDC Capital participating in the transaction via a convertible private placement investment into LeddarTech.

Stikeman Elliott acted as Canadian counsel for LeddarTech Holdings with a team that includes Pierre-Yves Leduc and Julien Michaud.

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).

BLG represented Desjardins Capital and BDC Capital with a team led by Patrice Martin that included Manoj Pundit, Patricia Galella, Jeff Talbot and Matteo Grandillo.



Julien Michaud Shahir Guindi Bastien Gauthier Jeremy Brisset Patrice Martin Patricia Galella Jeff Talbot