Desjardins and the autonomous-driving tech company’s other lenders agreed to postpone debt payments until the end of January 2026. The Quebec City-based firm began calling certain workers back on June 4, but said it will only recall staff gradually after temporarily laying off 138 workers last month. (The Logic)
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Desjardins and the autonomous-driving tech company’s other lenders agreed to postpone debt payments until the end of January 2026. The Quebec City-based firm began calling certain workers back on June 4, but said it will only recall staff gradually after temporarily laying off 138 workers last month. (The Logic)
Talking point: The move buys some time for the company, which was nearing shutdown after laying off 95 per cent of its workforce. In mid-May, LeddarTech warned that it needed to raise about US$9.7 million as part of its agreement with lenders, and would have trouble continuing operations unless it could reach a new deal. The company, which makes artificial intelligence software for vehicles, said it was in talks with about 30 potential customers, with hopes that at least one major deal would generate revenue this year.
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