LeddarTech Shares Quadruple on Texas Instruments Agreements

Dow Jones12-10

By Josh Beckerman

LeddarTech Holdings shares more than quadrupled after the automotive software company entered a collaboration agreement and software license agreement with Texas Instruments focused on advanced driver assistance systems and autonomous driving.

The stock was recently up to $1.28 and is down about 50% this year. Monday volume was more than 228 million shares, compared with a 65-day average of 287,899.

According to a LeddarTech securities filing, Texas Instruments has agreed to pay a total of $9.89 million to LeddarTech in a series of advanced royalty payments under the license agreement.

LeddarTech has previously worked with Texas Instruments, whose TDA4 family processor is used for the LeddarVision Front-Entry product.

On Monday, LeddarTech also reported credit facility amendments and a maturity extension of a bridge loan.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

December 09, 2024 13:32 ET (18:32 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Monday volume was more than 228 million shares, compared with a 65-day average of 287,899. \n\n\n  According to a LeddarTech securities filing, Texas Instruments has agreed to pay a total of $9.89 million to LeddarTech in a series of advanced royalty payments under the license agreement. \n\n\n  LeddarTech has previously worked with Texas Instruments, whose TDA4 family processor is used for the LeddarVision Front-Entry product. \n\n\n  On Monday, LeddarTech also reported credit facility amendments and a maturity extension of a bridge loan. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 09, 2024 13:32 ET (18:32 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490709834"}