LeddarTech Holdings Inc., an AI-powered software company specializing in advanced driver assistance systems and autonomous driving, has announced significant developments in its ongoing review of strategic alternatives. The company has laid off most of its employees and will not be recalling any previously furloughed staff after the cessation of discussions with a key commercial counterpart. LeddarTech is exploring potential options, including a business sale, asset liquidation, restructuring, or bankruptcy proceedings. The company cautions that there is a significant risk for investors, as holders of securities may receive little to no value if bankruptcy or insolvency proceedings occur. Further updates will be provided as the situation progresses.
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