Auto software company LeddarTech will go public with backdoor Prospector

FAP, June 13 / PRNewswire-FirstCall-Asianet /-- Automotive software company LeddarTech went public through a merger with blank check company Prospector Capital Corp. (PRSR.US), a shell company led by a former president of Qualcomm. It is reported that with Prospector Capital Corp. After the merger, the equity value of LeddarTech will reach $348 million. LeddarTech develops and provides sensor fusion and sensing software technologies for self-driving cars and advanced driving assistance systems (ADAS). The company is headquartered in Quebec City and has major R & D centers in Montreal, Toronto and Tel Aviv.