US EditionLeddarTech to File for Bankruptcy - Electronic Products & Technology
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3 Articles
LeddarTech to file for bankruptcy - Electronic Products & Technology
LeddarTech Holdings Inc., a Quebec City-based AI-powered software firm recognized for its innovation in advanced driver assistance systems (ADAS) and autonomous driving (AD), announces that it intends on making an assignment into bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada). After careful consideration of all available alternatives, including undertaking a strategic review which was unsuccessful in identifying a suitable acq…
Less than a week after announcing the termination of its operations, the Quebec software company LeddarTech plans to make a bankruptcy assignment under the Bankruptcy and Insolvency Act.
Subsidized for almost $90 million, it is the end for the LeddarTech software company in Quebec that is bankrupt.
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