EX-99.1 2 ea020511901ex99-1_leddartech.htm PRESS RELEASE OF LEDDARTECH HOLDINGS INC. ANNOUNCING ANNUAL SHAREHOLDER MEETING RESULTS (APRIL 30, 2024)

Exhibit 99.1

 

PRESS RELEASE

 

LeddarTech Reports Annual Shareholder Meeting Results

 

QUEBEC CITY, Canada, April 30, 2024 — LeddarTech Holdings Inc. (“LeddarTech” or the “Corporation”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, announces the voting results of its annual general and special meeting of shareholders held on April 30, 2024. Shareholders voted on various proposals and elected directors to the board.

 

Key Highlights of the Meeting

 

1. Election of Directors: The full slate of eight directors was elected to serve until the next annual meeting of shareholders or until a successor is elected or appointed.

 

Nominee  Votes For   % of Voted   Votes
Against
   % of Voted 
Frantz Saintellemy   23,750,091    99.92%   18,864    0.08%
Charles Boulanger   23,684,010    99.64%   84,945    0.36%
Derek Aberle   23,751,414    99.93%   17,541    0.07%
Nick Stone   23,749,634    99.92%   19,321    0.08%
Michelle M. Sterling   22,661,485    95.34%   1,107,470    4.66%
Yann Delabrière   23,750,042    99.92%   18,913    0.08%
Sylvie Veilleux   23,745,998    99.90%   22,957    0.10%
Lizabeth Ardisana   23,744,718    99.90%   24,237    0.10%

 

2. Approval of Auditor: The appointment of Richter LLP as auditors of the Corporation was approved, and the board of directors of the Corporation was authorized to fix the auditors’ remuneration.

 

Votes For   % of Voted   Votes Withheld   % of Voted 
 24,399,690    99.77%   56,493    0.23%

 

3. Other

 

3.1The issuance of warrants to purchase up to 449,013 common shares of the Corporation to certain former and continuing directors of LeddarTech Inc. (as a predecessor to the Corporation) was approved and ratified.

 

Votes For   % of Voted   Votes Against   % of Voted 
 18,146,903    76.35%   5,622,052    23.65%

 

3.2An amendment to By-law No. 1 so as to provide the chair with a second or “casting vote” at meetings of the Corporation’s board of directors was approved and ratified.

 

Votes For   % of Voted   Votes Against   % of Voted 
 21,472,893    90.34%   2,296,062    9.66%

 

For further details on each of these matters, please refer to the Corporation’s management information circular dated March 18, 2024, available on SEDAR+ at www.sedarplus.ca/ and EDGAR at www.sec.gov/. Final voting results on all matters voted on at the meeting will be posted on the Investor Relations section of LeddarTech.com and filed on SEDAR+ at www.sedarplus.ca/ and EDGAR at www.sec.gov/.

 

 

 

PRESS RELEASE

 

About LeddarTech

 

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

 

LeddarTech is responsible for several remote-sensing innovations, with 160 patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

 

Additional information about LeddarTech is accessible at www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

 

Contact:

 

Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Holdings Inc. Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com

 

Investor relations website: investors.LeddarTech.com
   
Investor relations contact: Kevin Hunt, ICR Inc. kevin.hunt@icrinc.com
   
Financial media contact: Dan Brennan, ICR Inc. dan.brennan@icrinc.com

 

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

 

LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”