EX-5.2 7 ea020805302ex5-2_leddar.htm OPINION OF VEDDER PRICE P.C.

Exhibit 5.2

 

 

Chicago

New York

Washington, DC

London

San Francisco

Los Angeles

Singapore

Dallas

Miami

vedderprice.com

 

August 19, 2024

 

LeddarTech Holdings Inc.
4535, boulevard Wilfrid-Hamel, Suite 240

Quebec G1P 2J7, Canada

 

Re:LeddarTech Holdings Inc. – Registration Statement on Form F-1

 

Ladies and Gentlemen:

 

We are acting as special United States counsel to LeddarTech Holdings Inc., a corporation organized under the laws of Canada (the “Company”), in connection with the registration statement on Form F-1 originally filed with the U.S. Securities and Exchange Commission (the Commission) on August 19, 2024 (as it may be amended and supplemented after the initial filing date, the “Registration Statement”, which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto), relating to the registration under the U.S. Securities Act of 1933, as amended (the Securities Act) of up to 18,181,818 units (the “Units”), each unit consisting of (i) either (a) one common share, without par value (the “Common Shares”) or (b) one pre-funded warrant to purchase one Common Share (the “Pre-Funded Warrants”), and (ii) one warrant to purchase one Common Share (the “Purchase Warrants” and, together with the Common Shares and the Pre-Funded Warrants, the “Securities”). The Securities are being registered by the Company, which has engaged Maxim Group LLC (the “Placement Agent”) to act as the placement agent in connection with a public offering of the Company’s Securities (the “Offering”).

 

We are acting as U.S. securities counsel for the Company in connection with the Registration Statement. In connection with this opinion, we have examined signed copies of the Registration Statement and have also examined and relied upon minutes of meetings of the Board of Directors of the Company as provided to us by the Company, the articles of incorporation of the Company, and such other documents as we have deemed necessary for purposes of rendering the opinion hereinafter set forth.

 

In our examination of the foregoing documents, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as copies, the authenticity of the originals of such latter documents and the legal competence of all signatories to such documents. Other than our examination of the documents indicated above, we have made no other examination in connection with this opinion. Because the Prefunded Warrants and the Purchase Warrants contain provisions stating that they are to be governed by the laws of the State of New York, we are rendering this opinion as to New York law.

 

We are admitted to practice in the State of New York, and we express no opinion as to any matters governed by any law other than the law of the State of New York. You are separately reviewing an opinion from Stikeman Elliott LLP with respect to the corporate proceedings and due authorization relating to the issuance of the Securities under Canadian law. For purposes of our opinion, we have assumed that the Securities have been duly authorized and that the Common Shares have been duly and validly issued, fully paid and non-assessable.

 

222 North LaSalle Street | Chicago, Illinois 60601 | T +1 312 609 7500 | F +1 312 609 5005

 

 

 

 

August 19, 2024

Page 2

 

Based upon the foregoing and subject to the assumptions and qualifications set forth herein, we are of the opinion that, when the Registration Statement has become effective under the Securities Act, the Prefunded Warrants and the Purchase Warrants, if and when issued and paid for in accordance with the terms of the Offering, will be valid and binding obligations of the Company enforceable against the Company in accordance with their terms.

 

The opinion set forth herein is rendered as of the date hereof, and we assume no obligation to update such opinion to reflect any facts or circumstances which may hereafter come to our attention or any changes in the law which may hereafter occur (which may have retroactive effect). In addition, the foregoing opinions are qualified to the extent that (a) enforceability may be limited by and be subject to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law (including, without limitation, concepts of notice and materiality), and by bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors’ and debtors’ rights generally (including, without limitation, any state or federal law in respect of fraudulent transfers); and (b) no opinion is expressed herein as to compliance with or the effect of federal or state securities or blue sky laws.

 

This opinion is rendered to you in connection with the Registration Statement. This opinion may not be relied upon for any other purpose, or furnished to, quoted or relied upon by any other person, firm or corporation for any purpose, without our prior written consent, except that (A) this opinion may be furnished or quoted to judicial or regulatory authorities having jurisdiction over you, and (B) this opinion may be relied upon by holders of the Prefunded Warrants and the Purchase Warrants currently entitled to rely on it pursuant to applicable provisions of federal securities law.

 

We hereby consent to the filing of this opinion as Exhibit 5.2 to the Registration Statement and to the reference to this firm under the caption “Legal Matters” in the Registration Statement and in any Registration Statement pursuant to Rule 462(b) under the Securities Act. In giving such consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission. This opinion letter is limited to the matters expressly set forth herein and no opinion is implied or may be inferred beyond the matters expressly so stated. This opinion letter is given as of the date hereof and we do not undertake any liability or responsibility to inform you of any change in circumstances occurring, or additional information becoming available to us, after the date hereof which might alter the opinions contained herein.

 

Very truly yours,

 

/s/ Vedder Price P.C.