QUEBEC CITY, Canada, July 29, 2024 (GLOBE NEWSWIRE) -- LeddarTech Holdings Inc. ("LeddarTech" or the "Company") (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 it entered into a Tenth Amending Agreement (the "Waiver") with Fédération des caisses Desjardins du Québec ("Desjardins") with respect to the Amended and Restated Financing Offer dated as of April 5, 2023 (as amended, the "Desjardins Credit Facility"). As previously announced by the Company on July 5, 2024, pursuant to a Ninth Amending Agreement to the Desjardins Credit Facility, the Company was required to maintain an unencumbered cash balance (the "Minimum Cash Covenant") of C$3.5 million from July 5, 2024 through July 6, 2024, and C$1.8 million from July 7, 2024 through July 26, 2024. Pursuant to the Waiver, among other things, Desjardins has temporarily reduced the required Minimum Cash Covenant to C$1.3 million from July 26, 2024 through August 5, 2024, after which time the Company will be obligated to maintain a minimum cash balance of C$5.0 million. The foregoing description of the Waiver does not purport to be complete and is qualified in its entirety by reference to the Waiver, a copy of which has been filed under the Company's SEDAR+ and EDGAR profiles at www.sedarplus.ca and www.sec.gov, respectively. The foregoing also ...